I was told today by my financial adviser that my Arkley solicitor is not on the lender Solicitor panel. What can I do to check?
The sensible course of action for you to take is to call your Arkley lawyer directly. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
Having sold my house in Arkley last October yet the purchaser is whats apping daily to moan that their solicitor needs to hear from mine. What are the post completion sale legalities following completion?
Following your house sale your lawyer should forward the transfer deeds and all supplemental paperwork to the buyer’s lawyers. Where relevant, your lawyer must also evidence that the mortgage has been redeemed to the buyers lawyers. There is unlikely to be post completion requirements peculiar conveyancing in Arkley.
What can a local search tell me regarding the property I am buying in Arkley?
Arkley conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for instance PSG The local search is essential in every Arkley conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your property. The search should reveal data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I am purchasing a new build house in Arkley with a loan from Accord Mortgages Ltd. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The estate agent told me not reveal to my conveyancer about this deal as it may put at risk my loan with the lender. Should I keep quiet?.
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 opted to have a survey done on a house in Arkley in advance of instructing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some lenders will not give a mortgage on a flying freehold premises.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you e-mail us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Arkley. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been sourcing a conveyancing solicitor in Arkley for my purchase. Is there any facility to review a solicitor's record with the profession’s regulator?
You may find published Solicitor Regulator Association (SRA) decisions resulting from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA may monitor telephone calls for training reasons.