My wife and I are buying a 3 bedroom apartment in Chaddesden with a mortgage. We would like to retain our Chaddesden lawyer, but the mortgage company says he's not on their "panel". We have to appoint one of the mortgage company panel conveyancing practices or keep our Chaddesden solicitor and pay for one of their panel ones to act for them. This seems very unfair; can we not require that the mortgage company use our Chaddesden solicitor ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Chaddesden conveyancing lawyer to apply to be on the conveyancing panel.
We just had an offer accepted to purchase with Coventry BS. I went into a few high street practices yet am struggling to find a Chaddesden conveyancing firm on the Coventry BS panel. Could you help?
Please do take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the lender and type Chaddesden or your location and you will see a number of lawyer offices in Chaddesden or by proximity to you.
Have just purchased a probate house at auction in Chaddesden. Conveyancing is required. What happens now?
Having to in every practical sense signed on the dotted line you should appoint a conveyancing lawyer as a matter of urgency as you now have a pending a fixed date to complete the purchase. Every auction property will have a bespoke legal set of papers. This will likely include evidence of title and search results. Where you are dealing with leasehold premises the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork pertinent to a leasehold property. You must hand this to the conveyancer working for you ASAP. Do make sure that that you have the requisite funding in order to complete on the on the contractual date .
My husband and I have arranged a further advance on our home loan from Virgin Money as we intend to carry out renovations to our home in Chaddesden. Do we need to choose a high street Chaddesden solicitor on the Virgin Money conveyancing panel to deal with the paperwork?
Virgin Money don't usually require firms on 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 Virgin Money list.
I am due to exchange contracts on my flat. I had a double glazing fitted in January 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Leeds Building Society are being a right pain. The Chaddesden solicitor who is on the Leeds Building Society conveyancing panel is recommending indemnity insurance as a solution but Leeds Building Society are insisting on a building regulation certificate. Why do Leeds Building Society have a conveyancing panel if they don't accept advice from them?
It is probably the case that Leeds Building Society have referred the matter to their valuer. The reason why Leeds Building Society may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Do I need to take out insurance to cover chancel repairs when buying a residence in Chaddesden?
Unless a previous purchase of the property took place post 12 October 2013 you can expect lawyers delivering conveyancing in Chaddesden to remain encouraging a chancel search and or chancel repair liability insurance.
I'm purchasing a new build house in Chaddesden with a mortgage from Britannia. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not disclose to my conveyancer about this side-deal as it would affect my mortgage with the lender. Do I keep my lawyer in the dark?.
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 have been on the look out for a leasehold apartment up to £305k and identified one near me in Chaddesden I like with a park and railway links in the vicinity, the downside is that it only has 52 years on the lease. There is not much else in Chaddesden in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage the shortness of the lease will likely be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.