My mortgage broker has requested my Bridport solicitor’s panel reference for the Nat West conveyancing panel. Can you suggest how I find this out. I have called my local Bridport branch but they have not responded to me.
Have you tried calling your Bridport lawyer about this?. They retain a central record lender panel numbers.
I am selling my house in Bridport. Does my conveyancing practitioner need to be required to be on the Nationwide conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Nationwide conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently in recent years.
We are getting the release of further funds on our home loan from UBS as we wish to carry out a loft conversion to our property in Bridport. Do we need to select a local Bridport solicitor on the UBS conveyancing panel to handle the legals?
UBS would not normally appoint a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS list.
I am currently in the process of buying my council flat in Bridport. I have a mortgage offer with Skipton. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Bridport building society branch on numerous occasions and was told they are content with the situation and they would lend. My Bridport conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Provided that the property lawyer is on the bank panel, they must adhere to the CML Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I'm buying my first flat in Bridport benefiting from help to buy. The builders would not move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not disclose to my lawyer about the deal as it could affect my mortgage 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.
As co-executor for the estate of my aunt I am disposing of a house in Swansea but I am based in Bridport. My conveyancer (who is 200 kilometers from meneeds me to sign a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Bridport to attest and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are located in Bridport
Do banks and building societies provide you with an approved list of Bridport solicitors? How do you know who is on the lender conveyancing panel?
Bridport firms and firms conducting conveyancing in Bridport themselves provide us confirmation that they are on the bank conveyancing panel as opposed to being supplied with a list from the bank directly.