Me and my wife are purchasing residence in Whetstone. My property lawyer is not on the mortgage company solicitor panel. Is it possible for me to use my Whetstone conveyancing solicitor notwithstanding that they are not on the lender panel?
You have numerous alternatives open to you here
- Complete the purchase with your chosen Whetstone property lawyer but your mortgage company will undoubtedly instruct a lawyer on their conveyancing panel. This will result in additional fees together with probable delay.
- Get a fresh conveyancer to act in the purchase, obviously checking they are on the bank conveyancing panel.
- Convince your lawyer to do everything possible to get accepted on the bank’s conveyancing panel
Is there a list of Co-operative panel solicitors in Whetstone on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. A small selection of banks make their panel listings open the public on the web. Where you are looking for a Whetstone conveyancer on the Co-operative please use our tool.
I am purchasing a property in Whetstone. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
As your lender is Virgin Money your lawyer must check the formal requirements outlined in Section 2 of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook includes minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to Virgin Money where a lease fails to comply with these requirements. The requirements relate to the installation of panels on properties nationwide and is not isolated to Whetstone.
I've read lots of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Whetstone solicitor - who is on the TSB conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. is that correct?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Whetstone postcode. As you are getting a mortgage with TSB, you could contact them to see if they have a list of approved surveyors in Whetstone.
Should commercial conveyancing searches reveal proposed roadworks that may affect a commercial land in Whetstone?
Many commercial conveyancing solicitors in Whetstone will conduct a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Whetstone. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Whetstone.
For every commercial conveyancing transaction in Whetstone it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Whetstone commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Whetstone.
I'm purchasing my first flat in Whetstone with a mortgage from Birmingham Midshires. The developers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not inform my conveyancer about this side-deal as it will affect my loan with the bank. Is this normal?.
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've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Whetstone is the location of the property. What do you suggest?
Flying freeholds in Whetstone are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Whetstone you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Whetstone may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am selling my property. My past lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Whetstone if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Whetstone. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.