My husband and I are acquiring a newly built flat in Malvern and my conveyancer is advising me that she is duty bound to the lender to reveal incentives from the developer. I am under pressure to exchange and I would rather not prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How can we know in advance if a Malvern conveyancing solicitor on the Lloyds panel is any good?
When it comes to conveyancing in Malvern obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the lawyer carrying out your conveyancing.
I recently had an offer agreed on a house in Malvern. My financial adviser suggested a lawyer. I paid an upfront payment of £175. A couple of days later, the conveyancer called me to say that they were not on the Skipton conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Skipton panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
About to purchase apartment in Malvern. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Malvern conveyancing practitioner is on the RBS conveyancing panel.
I opted to have a survey done on a house in Malvern prior to retaining solicitors. I have been told that there is a flying freehold element to the house. Our surveyor has said that some banks tend refuse to issue a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Malvern. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Malvern to see if the conveyancing costs will increase in light of this.
My husband and I are a couple of weeks into a residential purchase having been recommend to conveyancers by the local agent to handle our conveyancing in Malvern. We are not happy. Can you help me find new solicitors?
They would have to be very poor in order to consider changing them. Has the mortgage been sent? In the event that it has you must advise them of the new contact details and ensure the offer are re-sent. Your solicitor ideally should be on the lenders approved list to avoid supplemental fees and delays. So that should be your starting point. Our search tool will help you find a bank approved solicitor for your home move in Malvern
The conveyancing solicitors carrying out our conveyancing in Malvern has sent papers to review that indicate that the property is unregistered with epitome documents. Why is the property not registred at HMLR?
The majority of property in Malvern is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Malvern conveyancing lawyers will be capable of dealing with this type of conveyancing but in the event that uncertainty reigns the conventional recommendation these days appears to be for the vendor’s solicitor to address the registration formalities first and then sell - this will have a knock on effect to result in a significant delay.