My wife and I are looking to buy a property in Walkington and have instructed a Walkington conveyancing practice. Within the last couple of days our lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. Clydesdale have this morning contacted us to inform me that there is now an issue as our Walkington lawyer is not on their approved list of lawyers. Is this a problem?
If you are buying a property requiring a mortgage it is usual for the purchasers' lawyers to also act for the mortgage company. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Walkington solicitors, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
Would the conveyancing lawyers via your comparison service carry out attended exchange conveyancing in Walkington?
We do have a number of conveyancing specialists carrying out attended exchanges. Do call us to secure a conveyancing quote and details as to dates.
It is is a decade since I acquired my property in Walkington. Conveyancing lawyers have now been appointed on the sale but I am unable to locate my title documents. Will this cause complications?
You need not be too concerned. Firstly there is a possibility that the deeds will be with the mortgage company or they may be in the possession of the solicitor who acted in the purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Most conveyancing in Walkington involves registered property but in the rare situation where your property is unregistered it is more tricky but is not insurmountable.
I'm buying a new build house in Walkington with a loan from TSB. The builders would not budge the amount so I negotiated £7000 of extras instead. The property agent told me not disclose to my solicitor about the side-deal as it would put at risk my loan with TSB. 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.
How do I search for a Walkington law firm on the Leeds Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 10kilometers to meet the lawyer.
You can use the search on this page. Please select a mortgage company and your location and you will see a number of Walkington conveyancing lawyers based on proximity. We have detailed some Walkington conveyancing firms towards the end of this page and you can call them to check whether they are on the Leeds Building Society approved list
We are in the process of acquiring a apartment in Walkington. Conveyancing is not over but we would like have our purchase price confidential from sites such as Nestoria. How can this be done?
HM Land Registry are legally bound to specify price paid data on a register of the title for residential properties nationwide which includes properties in Walkington. The register of ownership is a public document, so the Land Registry would be breaking the law excluded specific homes such as the one in Walkington.
In essence you can make a request of HMLR to hide the price paid data yet the response would be in the negative.