Does a directory service exist listing Lloyds panel conveyancers in Archway on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of lending institutions make their panel listings open the public online. If you are in need of a Archway property lawyer on the Lloyds please use our tool.
I have today made my last payment due on my mortgage with Santander. I assume I don't need a Archway conveyancing practitioner on the Santander panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Santander 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 Santander mortgage from the register. Santander, 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 Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
About to purchase maisonette in Archway. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Co-operative 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 Archway property lawyer is on the Co-operative conveyancing panel.
We are buying a property and the solicitor has mentioned Chancel Repair to which the property may be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this really required for conveyancing in Archway
Unless a prior purchase of the house took place post 12 October 2013 you can assume that conveyancing practitioners conducting conveyancing in Archway to continue to advocate a chancel search and or insurance against a claim.
It has been 4 months following my purchase conveyancing in Archway concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm buying a new build house in Archway with a mortgage from HSBC Bank. The developers refused to budge the amount so I negotiated £7000 of additionals instead. The estate agent advised me not inform my solicitor about this side-deal as it would adversely affect my loan with the bank. 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.
I was pointed in your direction by numerous estate agents in Archway to get a quote from a conveyancer on your site. What’s the financial inducement for Estate Agents to market your services rather than alternative conveyancing organisations?
We refuse to offer any financial incentive for directing people to this site. We found it would be just too difficult a fee because members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Are the Archway conveyancing lawyers identified as being on the mortgage company conveyancing panel, together with their details provided by the bank?
Archway firms and firms carrying out conveyancing in Archway themselves provide us confirmation that they are on the lender conveyancing panel as opposed to being supplied with a list from the bank directly.