I am obtaining a mortgage with Halifax. I hope to use a Licensed Conveyancer in Totland. Does the Halifax Solicitor panel exclude conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
is it true that all Totland solicitors on the UBS conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the UBS approved list of solicitors they would need to be overseen by the SRA. Some lenders do permit licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers.
Virgin Money have agreed my home loan in principle, my offer on a property in Totland has been agreed to, what are the next steps?
The property agent will wish to be informed of your conveyancing practitioner's details (ensure that the conveyancers are on the bank’s panel). Contact Virgin Money or the broker and finalise any relevant forms. Virgin Money will appoint a valuer who will get in contact with the estate agent or owners to book a time for the valuation to happen. Once carried out (assuming no problems) it takes about a fortnight for the mortgage offer to be issued. Virgin Money will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Totland.
My offer on a house in Totland has been accepted, but there is a chain. The owners have put an offer on a flat, however it’s not yet agreed to, and are looking at other apartments in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Totland. What do I do now? At what stage do I apply for the mortgage with Clydesdale?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of £1k, then survey, Totland conveyancing search fees, etc). First, you should ensure that your solicitor is on the Clydesdale conveyancing panel. As to the subsequent stages this very much dictated by the specifics of your case, desire for this property and on the state of the market. During a rising market some buyers would apply for a home loan with Clydesdale and arrange for the valuation and only if it comes back ok would they pay their conveyancing practitioner to proceed with the conveyancing in Totland.
I need some fast conveyancing in Totland as I am faced with an ultimatum to sign on the dotted line inside one month. Luckily I do not need a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
If.Given you are are a cash buyer you have the choice not to have searches carried out although no solicitor would recommend that you don't. With lots of history conveyancing in Totland the following are examples of what can arise and therefore impact the marketability of the property: Enforcement Actions, Outstanding Charges, Overdue Grants, Road Schemes,...
I have todaybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Totland for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is in my name in the name of the previous owner?
The quickest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Totland conveyancing specialists.
I'm buying a new build house in Totland with a mortgage from Coventry Building Society. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not reveal to my lawyer about the extras as it could adversely affect my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I'm remortgaging my existing property to a BTL mortgage with Bank of Ireland and I will use the rest of the raised equity as a deposit on another house. The neighborhood we are talking about is Totland. Will your conveyancers be able to act for the two lenders and link together the transactions?
Do use our search tool on this site to be sure that the lawyers are approved by both lenders. On the basis that they are your conveyancer will be able to tie up the two transactions but you should talk with you lawyer and specify your desired outcome and needs.