My wife and I are acquiring a newly constructed duplex in Cann Hall and my conveyancer is informing me that she has to the lender to reveal incentives from the developer. The Estate Agents are hassling me to sign contracts and I would rather not prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are buying a flat and need a conveyancing solicitor in Cann Hall who is on the HSBC approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Cann Hall.
We wanted to use a property lawyer in Cann Hall for our house move. Our broker has since notified us that our mortgage lenders Alliance & Leicester won't deal with them. Why is this not regarded as unduly restrictive?
Pre- 2008 most lenders had an appetite for risk which was higher than today. Almost all Cann Hall conveyancing firms would have been on many mortgage company panels. The financial services regulator in 2010 carried out a thematic investigation into mortgage fraud which concluded: mortgage lenders should know the conveyancing solicitors dealt with. Consequently, mortgage companies have regularly sought more data from law firms relating to their operations and the individuals who work for them and establishing certain criteria such a completing on a minimum number of transactions. Many Cann Hall conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Cann Hall is one of the numerous areas where the lawyers we recommend are on the panel for Alliance & Leicester .
Have completed on a a detached house in Cann Hall , What is the estimated time for the Land Registry to register the transfer to my name? My Cann Hall conveyancing solicitor works at snail pace, so I want to check the post completion formalities are concluded.
There is nothing unique about conveyancing in Cann Hall registration formalities. Rather than based on location, timeframes can vary depending on the party submitting the application, whether it is in order and if the Land registry need to notify any other parties. As of today approximately three quarters of submission are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Historically registration is effected once the purchaser is living at the property therefore an expedited registration is not typically top priority but if there is a degree of urgency associated with the registration then you or your conveyancer can speak with the land registry and explain the circumstances.
My wife and I recently become aware that one of the partners of the law firm handling the purchase conveyancing in Cann Hall is a relative of the vendor. Is this permitted?
As long as no conflict arises this is allowable. If you are needing a home loan then the lender may have a say as many mortgage companies have specific requirements on this. For example for Virgin as of 21/1/2025, the requirements read as follows :