Unfortunately I am unable to travel far from West Wickham. What is the rationale as to why all West Wickham solicitors are not on all mortgage company panels?
Mortgage companies point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The elimination of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lending institutions to review their conveyancing panels, which triggered a major policy change in the sector. It led to mortgage companies culling less reputable firms from their official list of approved lawyers .
Can I use your services to recommend a Conveyancing solicitor in West Wickham even if I’m not buying or selling a house, for example where I intend to buy a shop in West Wickham with a loan from Nationwide Building Society?
The service is mainly used to select domestic conveyancing solicitors in West Wickham but we have listed at the end of this page some West Wickham commercial conveyancing firms. You will need to make contact with the company directly to see if they are also authorised to represent Nationwide Building Society
Can I be sure that the West Wickham conveyancing solicitor on the Leeds Building Society panel is any good?
When it comes to conveyancing in West Wickham getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the solicitor conducting your transaction.
We expect to receive a OIP from TSB this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do TSB recommend any West Wickham solicitors on the TSB conveyancing panel, or is it better to find our own lawyer?
You will need to appoint West Wickham solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
I currently have a mortgage with UBS for my property in West Wickham. Conveyancing was finalised a year ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform UBS?
You must advise UBS in advance of renting your property as this is likely to be a breach of UBS’s mortgage conditions. It may be that UBS will permit you to let 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 UBS directly. It should not be necessary to do this via a UBS conveyancing panel lawyer.
I have a 4 bedroom Victorian house in West Wickham. Conveyancing practitioner acted for me and Virgin Money. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the exact same address. Is it worth asking Virgin Money to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in West Wickham and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing solicitor who conducted the conveyancing.
I am purchasing my first flat in West Wickham with a mortgage from Nottingham Building Society. The sellers would not reduce the price so I negotiated 6k of additionals instead. The property agent advised me not inform my solicitor about this deal as it may affect my loan with the bank. 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.
I am looking to sell my house. My former lawyers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in West Wickham if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in West Wickham. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.