My mortgage broker has asked me for my South Harrow lawyer’ panel member for the Nationwide conveyancing panel. What is the best way to find this out. I have e-mailed my local South Harrow branch but they don't know it.
Have you tried speaking to your South Harrow lawyer about this?. Most South Harrow conveyancing firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
The property market in South Harrow is hotting up. What can I do to speed up matters?
In the event that the seller is applying time constraints to complete it is highly recommended that your conveyancer is familiar with the area as they will benefit local connections and insight. It is possible that they may have handled otherproperties in the same road. Therefore consider using a South Harrow conveyancing firm. Second, ensure that the lawyer is on the lender panel. It is claimed that 18% of South Harrow conveyancing deals are held up or jeopardised after discovering a purchaser’s conveyancer was not on their mortgage lender’s panel. In many cases this discovery resulted in the home move being delayed by an average of three weeks. It is said that this issue affects in the region of one hundred thousand home moves annually. Many South Harrow conveyancing practices can not represent certain banks so do check at the outset.
Are there restrictive covenants that are commonly picked up as part of conveyancing in South Harrow?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in South Harrow. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing a new build house in South Harrow with the aid of help to buy. The builders refused to move on the amount so I negotiated £7000 of extras instead. The house builders rep advised me not inform my lawyer about this side-deal as it may jeopardize my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the lender approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the lender solicitor panel.