We are about to complete buying a house in Brockley but as a result of damage from the recent storms I have managed to agree compensation from the vendor in the sum of £2k by way of a deduction in the price. I had intended this to be addressed as part of amending the contract but Co-operative will not agree to this. Should they have been involved?
Your solicitor being on a Co-operative approved list is obliged to disclose to Co-operative of any changes to the sale price. If you prohibit your solicitor to disclose the price change to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new solicitor for your conveyancing in Brockley.
We note that you have a search directory identifying firms on the Bank of Ireland conveyancing panel. Do companies pay you a referral fee if I retain them for our conveyancing in Brockley?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Brockley.
We just had an offer accepted to buy with Coventry BS. We have called around locally yet cant to find a Brockley conveyancing firm on the Coventry BS approved list. Can you assist?
You should make the most of the search tool on this site. Pick the building society and type Brockley or your location and you will be presented with a number of lawyer offices in Brockley or by proximity to you.
Can you help - my lawyer advises that lack of building regulations insurance is required on my purchase. What is the level of cover for Brockley conveyancing?
The right level of lack of building regulations indemnity insurance depends on who your lender is. It would differ for example between Santander and The Mortgage Works. Conveyancing practitioners as opposed to members of the public take out such insurances.
We previously appointed conveyancers locally in Brockley on the Virgin Money solicitor approved list. They are now charging me a separate sum for dealing with the Virgin Money mortgage. Is this an additional conveyancing fee set by Virgin Money?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your conveyancing practitioner is entitled to charge a fee for this. This fee is not set by Virgin Money but by your Brockley solicitor. Some firms on the Virgin Money panel will quote ’dealing with mortgage’ fee but many firms include it on their overall fee.
It is unclear whether my mortgage offer requires a lease extension. I have called into my local Brockley building society branch on various occasions and was advised it wasn't a problem and they will lend. My Brockley conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I have no idea who is right.
The solicitor has to comply with the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am purchasing a new build house in Brockley benefiting from help to buy. The builders would not move on the price so I negotiated 6k of extras instead. The house builders rep suggested that I not disclose to my lawyer about the deal as it may jeopardize my loan with the lender. 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 am downsizing from my house. My past lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Brockley if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Brockley. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.