Much to our surprise we have been advised by our broker that my Hither Green property lawyer is not on the bank Solicitor panel. What can I do to be sure if this is correct?
The sensible course of action for you to take is to contact your Hither Green lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
How do I discover of the solicitor conducting my conveyancing in Hither Green is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Santander thus spending £192.00 in supplemental conveyancing costs.
Feel free to take advantage of the find a lender approved solicitor tool on this web page. Please choose the mortgage company and type ‘Hither Green’ or your location and you will discover a number of lawyer located in Hither Green or by proximity to you.
Various internet forums that I have visited warn that are a common reason for stalling in Hither Green conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Hither Green.
I own a semi-detached Georgian house in Hither Green. Conveyancing practitioner represented me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be 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 Hither Green 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 check the situation with your conveyancing practitioner who conducted the conveyancing.
I am purchasing my first flat in Hither Green with a loan from TSB. The builders would not budge the price so I negotiated 6k of additionals instead. The property agent suggested that I not reveal to my conveyancer about this extras as it will impact my mortgage with TSB. 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.