My financial adviser requires my Toton solicitor’s panel reference for the Nationwide conveyancing panel. Can you suggest how I obtain this. I have contacted my local Toton branch but they cant find it on their system.
Have you tried calling your Toton solicitor about this?. Most Toton conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
At what point will exchange of contracts happen for sale conveyancing in Toton and do I need to attend the lawyers office?
Where you are local to one of the conveyancing solicitors in Toton you are welcome to attend to sign the paperwork. That being said, the lender approved solicitors we work with supply countrywide coverage for conveyancing and give just as detailed and professional a job for you when dealing with you by post or email. The signing of the sale agreement is not the important part. A signed contract simply enables the solicitor to officially exchange at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Toton)to be in the office at the appropriate time.
My stepmother pointed out to me me that in purchasing a property in Toton there may be various restrictions as to what one can do in terms of external changes to the property. Is this right?
There are a number of properties in Toton which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Toton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
is it true that all Toton solicitor practices on the TSB conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the TSB conveyancing panel they would need to be governed by the SRA. Some lenders do permit licenced conveyancers on their panel in which case such firms would be governed by the CLC.
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Toton conveyancer on the Virgin Money panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
I am buying my first flat in Toton with a mortgage from Barclays Direct. The developers would not budge the price so I negotiated 6k of additionals instead. The property agent suggested that I not to tell my lawyer about the extras as it would adversely affect my loan with Barclays Direct. 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.
I note that you have a search directory identifying solicitors on the bank conveyancing panel. Do Toton conveyancing companies pay you a commission if I instruct them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Toton.