I am expecting a mortgage with Santander. My intention is to instruct a Licensed Conveyancer in Allestree. Does the Santander Conveyancing panel allow for conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
We are purchasing a newly converted apartment in Allestree with a residential mortgage from Britannia.We like our Allestree conveyancing solicitor but Britannia informed us he's not listed on their "panel". We have to appoint a Britannia panel firm or retain our preferred solicitor and fork out for a Britannia panel lawyer to act for them. This seems very unfair; Can we not simply insist that Britannia use our lawyer?
No, not really. The mortgage offered to you is subject to its various provisions, a common one being that solicitors must be on the Britannia solicitor panel. in the past, most lenders had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Britannia
I am expecting a OIP from Kent Reliance this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Kent Reliance recommend any Allestree solicitors on the Kent Reliance conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Allestree solicitors independently although you'll need to choose one on the Kent Reliance conveyancing panel. The solicitor represents both you and Kent Reliance through the process.
I recently had an offer agreed on an apartment in Allestree. My mortgage broker recommended their conveyancers. I paid an upfront payment of £150. A few days later, the property lawyer contacted me embarrassingly acknowledging that they were not on the Nationwide 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 Nationwide 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.
Planning on purchasing a maisonette in Allestree. 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 Nottingham 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 Allestree lawyer is on the Nottingham conveyancing panel.
I'm purchasing a new build house in Allestree with a loan from Bank of Scotland. The builders would not move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not disclose to my solicitor about this extras as it will affect my loan with the bank. Is this normal?.
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 opted to have a survey completed on a house in Allestree in advance of instructing solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend not issue a loan on this type of home.
It varies from the lender to lender. Santander has different instructions from Halifax. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Allestree. Conveyancing may be slightly more expensive based on your lender's requirements.
I am purchasing a flat and cash is in place. I have provided conveyancer with two separate proof of photo ID, bank statement, numerous utility bills. Now he wants a copy from a probate lawyer advising that the funds are legitimate and that it has come from inheritance and not selling fake DVD.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Allestree conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.