I am getting a mortgage with Halifax. I hope to employ the services of a Licensed Conveyancer in Budleigh Salterton. Does the Halifax Solicitor panel exclude conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I had intended to instruct a property lawyer in Budleigh Salterton for our house move. Our broker informed us that our bank Nottingham Building Society won't deal with them. Surely this is unfair competition?
Lenders in the main restrict either the category or the amount of conveyancing solicitors on their panel. Typical examples of such criteria being that a law practice must have two or more partners. As well as restricting the profile of firm, some have decided to limit the number of solicitor practices they permit to represent them. Be aware that Nottingham Building Society have no responsibility for the quality of advice provided by any member of Nottingham Building Society Conveyancer Panel. Mortgage fraud was a primary driver in the reduction of solicitor panels since 2008 even though there remains mixed views concerning the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms, including some in or near Budleigh Salterton only carry out very few conveyances per annum.
Have just purchased a repossessed house at auction in Budleigh Salterton. Conveyancing is necessary. What is next?
Having legally committed yourself to purchase you must appoint a conveyancing solicitor quickly as you are facing a tight deadline in which to complete the deal. All auction property will ordinarily have a corresponding auction set of papers. This should include the copy title deeds, local authority and drainage searches. If you have purchased leasehold premises the legal pack may include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to leasehold premises. You need to hand this to your appointed conveyancing solicitor ASAP. You also need to ensure that that you have the requisite funding in place to complete the transaction on the set completion date.
Forgive me if this question is silly but I am wet behind the ears as a first time purchaser of a ground floor flat in Budleigh Salterton. Do I pick up the keys to the property on the completion date from my conveyancer? If so, I will use a High Street conveyancing solicitor in Budleigh Salterton?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the seller's solicitors, and once they have received this, you should be able to collect the keys from the property Agents and move into your new home. Usually this happens between 1 and 3pm.
is it true that all Budleigh Salterton conveyancing solicitors on the RBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the RBS conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. The majority of mortgage companies do list licenced conveyancers on their panel and in that case the firms would be governed by the CLC.
I used Arc property Solicitors several years past for my conveyancing in Budleigh Salterton. I now require my papers however cannot find the solicitor. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Budleigh Salterton of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying a new build house in Budleigh Salterton with a mortgage from Accord Mortgages Ltd. The builders refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not disclose to my solicitor about this side-deal as it would jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
I opted to have a survey done on a property in Budleigh Salterton in advance of appointing conveyancers. I have been informed that there is a flying freehold element to the property. The surveyor advised that some mortgage companies will not issue a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Budleigh Salterton. Conveyancing may be slightly more expensive based on your lender's requirements.