I am purchasing a new build duplex in Hucknall and my lawyer is advising me that she has to the bank to disclose incentives from the seller. I am nearing the developer’s deadline to exchange and I would rather not prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. 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 see that you have a search directory identifying firms on the Nottingham conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Hucknall?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Hucknall.
Is there a search tool that I can use to investigate if the solicitor handling my conveyancing in Hucknall is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Accord Mortgages Ltd thus paying £175.00 in supplemental conveyancing fees.
Please do make the most of the search tool on this web page. Pick the lender and type ‘Hucknall’ or your location and you will discover numerous conveyancers based in Hucknall or by proximity to you.
How does conveyancing in Hucknall differ for newly converted properties?
Most buyers of new build property in Hucknall come to us having been asked by the seller to exchange contracts and commit to the purchase even before the premises is built. This is because new home sellers in Hucknall usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hucknall or who has acted in the same development.
Are there any apps to help search for a Hucknall solicitor on the Nationwide Building Society conveyancing panel? I have wheels and am prepared to travel upto 25miles to meet the conveyancer.
You can use the facility on this website. Please pick a mortgage company and your location and you will see a number of Hucknall conveyancing lawyers based on proximity. We have detailed some Hucknall conveyancing firms at the bottom of this page and you can call them to check whether they are on the Nationwide Building Society approved list