My property lawyer in Alston is not on the Virgin Money Solicitor Panel. Is it possible for me to retain my prefered solicitor notwithstanding that they are excluded from the Virgin Money approved list?
The limited options open to you here include:
- Complete the purchase with your preferred Alston solicitors but Virgin Money will need to instruct a conveyancer on their list of acceptable firms. This will result in additional total legal charges as well as cause delays.
- Find an alternative practitioner to to deal with the conveyancing, not forgetting to check they are on the Virgin Money panel
I need some expedited conveyancing in Alston as I have an ultimatum to exchange contracts inside 4 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save fees and time?
If.Given you are not getting a home loan you are at free not to have searches conducted although no law firm would recommend that you don't. With plenty of history conveyancing in Alston the following are examples of what can show up and therefore impact future mortgageability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
I am buying my first flat in Alston with a mortgage from Godiva Mortgages Ltd. The developers would not move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not reveal to my lawyer about this side-deal as it would adversely affect my mortgage with Godiva Mortgages Ltd. 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Alston is the location of the property. Can you offer any opinion?
Flying freeholds in Alston are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Alston you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Alston may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am looking into buying my first house which is in Alston and I am already nervous. I couldn't find anything specific about Alston. Conveyancing will be needed in due course but do you know about the Alston area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Alston. In the meantime here are some basic statistics that we found
My husband and I are 3 weeks into a freehold purchase having been recommend to conveyancers by the estate agent to do our conveyancing in Alston. I am not happy. Could you help me find new lawyers?
A solicitor would have to be really poor in order to consider replacing them. Has your mortgage offer been sent? If so you must inform them of the new lawyer and ensure the offer are re-issued. Your conveyancer needs to be on the lenders approved list to avoid added costs and delays. So that should be your first question of the new conveyancers. Our search tool should help you find a lender approved solicitor for your conveyancing in Alston