We are acquiring a newly constructed duplex in Thornton and my lawyer is telling me that she has to the bank to disclose incentives from the builder. I am nearing the developer’s deadline to exchange and I would rather not prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender 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.
We wanted to use a conveyancing solicitor in Thornton for our house purchase. Our financial adviser informed us that our mortgage lenders Chelsea Building Society won't deal with them. Surely this is unduly restrictive?
A lender can direct that an approved conveyancer act for it. You would be liable to bear the charges for this. Please make use of our directory service to select a solicitor to carry conveyancing in Thornton on the Chelsea Building Society approved list of solicitors.
I am looking for a ground for flat up to £305k and found one round the corner in Thornton I like with open areas and railway links nearby, the downside is that it only has 61 remaining years left on the lease. There is not much else in Thornton for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the shortness of the lease may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
What tools are available to identify a Thornton law firm on the Britannia conveyancing panel? I have a car and am happy to travel upto 20miles to meet the solicitor.
You can use the facility on this page. Please pick a bank and your location and you will see a number of Thornton conveyancing lawyers located nearest you. We have detailed some Thornton conveyancing firms towards the end of this page and you can telephone them to verify whether they are on the Britannia member panel
I am one month into a leasehold purchase having been directed to a firm by the selling agent to handle our conveyancing in Thornton. I am not happy. Can you help me find new lawyers?
A lawyer would have to be really poor in order to consider replacing them. Has the mortgage offer been generated? If so you will need to inform them of the replacement solicitor and get the offer are issued to the new lawyers. Your conveyancer needs to be on the lenders approved list to avoid escalating costs and delays. So that should be your starting point. The find a solicitor tool will help you find a bank approved conveyancer for your home move in Thornton