In the event thatI was to purchase a simple residential propertyin Widdrington mortgage fee and dispense with a survey and no conveyancing searches how much should I expect to have to pay for conveyancing in Widdrington?
The sole reduction in fees you would achieve is the disbursement for searches. The lawyer is required to do the vast majority of work - money laundering, liaising with your vendors property lawyer, SDLT submission, register the ownership etc. You might save a bit for them not having to register a mortgage however it won't be significant.
Can your site be used to find a Conveyancing solicitor in Widdrington even if I’m not purchasing or selling a house, for instance if I wish to buy a shop in Widdrington with a loan from Virgin Money?
The service is mainly utilised to select residential conveyancing solicitors in Widdrington but we have recorded at the end of this page a selection of Widdrington commercial conveyancing firms. You should make contact with the company directly to check if they are also authorised to represent Virgin Money
My wife and I have recently appointed a conveyancing solicitor in Widdrington. I I am struggling to find out if they are accepted on the National Westminster Bank approved list of lawyers. Can you advise?
You should e-mail your lawyer and enquire whether they are on the lender panel. Otherwise you should get in touch with National Westminster Bank who may be able to assist.
We have agreed to purchase a house in Widdrington. An unusual aspect is that the roof has a solar panel. Santander have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Santander your lawyer must comply with the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for Santander. The CML Handbook sets out minimum requirements for solar panel roof-space leases, and lawyers are required to report to Santander where a lease does not satisfy these provisions. The conditions relate to the installation of panels on properties nationwide and is not isolated to Widdrington.
It is unclear whether my lender requires a lease extension. I have called into my local Widdrington bank branch on a couple of occasions and was reassured it wasn't an issue and they will lend. My Widdrington conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they would not lend based on their specific requirements. Who do I believe?
Provided that the lawyer is on the bank approved list, they must comply with the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am due to exchange contracts on my apartment. I had a double glazing fitted in January 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, HSBC are being a right pain. The Widdrington solicitor who is on the HSBC conveyancing panel is happy to accept ‘lack of building regulation’ insurance but HSBC are insisting on a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I'm purchasing a new build house in Widdrington with a mortgage from National Westminster Bank. The developers refused to move on the price so I negotiated £7000 of extras instead. The estate agent advised me not inform my lawyer about this deal as it could jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
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 have been pointed in your direction by a number of estate agents in Widdrington to choose a solicitor using your seach tool. What’s the financial incentive for Estate Agents to recommend your services ahead of a competitor’s?
We refuse to make any financial incentive for sending work our way. We found it would be just too difficult to pay a commission because a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.