My fiance and I are intent on acquiring property in Warsash. My Solicitor has never been on on the mortgage company approved panel. Am I still permitted to continue with my Warsash conveyancing solicitor notwithstanding that they are not on the lender panel of approved conveyancing solicitors?
You have a number of choices available to you here
- Carry on with your preferred Warsash conveyancing practitioner but your bank will need to appoint a property lawyer on their conveyancing panel. This will result in additional charges and likely frustration.
- Choose a new conveyancer to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
- Convince your conveyancing practitioner to do everything possible to get listed on the lender’s panel of solicitors
We note that you have a search directory identifying firms on the Aldermore conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Warsash?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Warsash.
If you had a top tip for selecting a conveyancing solicitor in Warsash what would it be?
We would encourage you not to base your choice on the cheapest Warsash conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
My partner and I have organised the release of further monies on our home loan from Clydesdale as we wish to carry out improvements to our house in Warsash. Do we need to appoint a nearby Warsash solicitor on the Clydesdale conveyancing panel to deal with the legals?
Clydesdale don't usually require a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale conveyancing panel.
I currently have a mortgage with RBS for my property in Warsash. Conveyancing was finalised 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform RBS?
Your original mortgage agreement with RBS will provide that you need their approval in advance of renting your property as this is likely to be a breach of RBS’s mortgage conditions. It may be that RBS will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. It should not be necessary to do this via a RBS conveyancing panel lawyer.
I am purchasing my first flat in Warsash benefiting from help to buy. The builders refused to move on the price so I negotiated £7000 of extras instead. The estate agent told me not inform my lawyer about this deal as it may adversely affect my loan with Britannia. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the advice of my in-laws I had a survey completed on a property in Warsash prior to appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor advised that some banks tend refuse to give a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. If you contact us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Warsash. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Warsash to see if the conveyancing costs will increase in light of this.
I need to retain a conveyancing solicitor for sale conveyancing in Warsash. I've stumble across a site which looks to be the ideal solution If it is possible to get all this stuff completed via phone that would be ideal. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?