lenderpanel

Find a Fernhill Heath Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Fernhill Heath? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Fernhill Heath home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Fernhill Heath conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Fernhill Heath

My lawyer has uncovered a defect with the lease for the flat we are purchasing in Fernhill Heath. The seller’s lawyers have put forward defective title insurance as a solution. We are content with insurance and will cover the costs. Our conveyancing practitioner says that he must check that the bank is happy with this solution. Are we the client or is the mortgage company ?

The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the bank are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook conditions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your solicitor will have no choice but to discontinue acting for you.

Various internet forums that I have frequented warn that are the main cause of stalling in Fernhill Heath house deals. Is that correct?

The Council of Property Search Organisations (CoPSO) has noted the determinations of a review by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays in the conveyancing process. Local searches are not likely to feature in any delay in conveyancing in Fernhill Heath.

I am buying my first flat in Fernhill Heath benefiting from help to buy. The builders refused to reduce the amount so I negotiated 6k of extras instead. The estate agent suggested that I not inform my conveyancer about the deal as it may jeopardize my loan with the lender. Do I keep my lawyer in the dark?.

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 opted to have a survey completed on a property in Fernhill Heath in advance of appointing solicitors. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some lenders tend not grant a mortgage on such a home.

It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Fernhill Heath. Conveyancing may be slightly more expensive based on your lender's requirements.

My brother has urged me to use his lawyers for conveyancing in Fernhill Heath. Should I use them?

No doubt it’s preferable to select a conveyancing solicitor is to seek feedback from friends or family who have actually experience in using the solicitor you're considering.

Last updated

Find out more about how flying freehold can affect your the value of a property.