Me and my wife are buying a leasehold flat in Wendover. My lawyer is not on the bank conveyancing panel. Is it possible for me to appoint my Wendover conveyancing solicitor even though they are excluded from the mortgage company approved list?
You have numerous options open to you here
- Complete the purchase with your existing Wendover solicitor but your bank will no doubt retain a property lawyer on their conveyancing panel. The net result is additional cost and probable frustration.
- Get a new property lawyer to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Convince your property lawyer to do everything possible to join the lender’s conveyancing panel
We are purchasing a house and require a conveyancing solicitor in Wendover who is on the Clydesdale conveyancing panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Clydesdale . We don't recommend any particular firms conducting conveyancing in Wendover.
I am in the process of refinancing my apartment in Wendover, does my lawyer have to be on the HSBC Solicitor panel?
There is nothing to stop you using your solicitor, but HSBC will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I am purchasing a new build house in Wendover benefiting from help to buy. The builders refused to budge the amount so I negotiated 6k of extras instead. The property agent told me not disclose to my solicitor about this side-deal as it would put at risk my loan with the lender. Should I keep quiet?.
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 encouragement of my in-laws I had a survey completed on a property in Wendover before retaining lawyers. I have been informed that there is a flying freehold element to the property. Our surveyor advised that some lenders will not give a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wendover. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wendover to see if the conveyancing will be more expensive.
I am hoping to put an offer on a small detached house that appears to be perfect, at a great figure which is making it more attractive. I have just been informed that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Wendover. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
Most houses in Wendover are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area can help the conveyancing process. We note that you are buying in Wendover in which case you should be looking for a Wendover conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example requiring the freeholder’spermission to carry out changes to the property. You may also be required to pay a contribution towards the upkeep of the estate where the property is located on an estate. Your conveyancer should report to you on the legal implications.