I was informed recently by my financial adviser that my Chorlton cum Hardy property lawyer is not on the lender Solicitor panel. How can I be certain if this is indeed the case?
You need to call your Chorlton cum Hardy conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may be able to suggest a Chorlton cum Hardy conveyancing practice that is on the conveyancing panel for your lender.
Do banks and building societies provide you with an approved list of Chorlton cum Hardy conveyancing solicitors? How do you know who is on the HSBC conveyancing panel?
Chorlton cum Hardy conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
I have been referred to a conveyancing solicitor in Chorlton cum Hardy. I need to find out if they are on the Santander conveyancing panel. Can you or the lender confirm if they are on the panel?
The first thing you should do is phone the lawyer and ask them whether they can act for the lender. Otherwise please get in touch with Santander who may be able to confirm.
Are all Chorlton cum Hardy Conveyancing Quality Solicitors on the Principality conveyancing panel?
A selection of lenders now use CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
When it comes to lenders such as Leeds Building Society, do Chorlton cum Hardy property lawyers have to pay an annual charge to be on the list of approved solicitors?
We are not aware of any lender fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I recently had an offer accepted on a house in Chorlton cum Hardy. My mortgage broker pressured me to appoint their lawyer. I paid an on account payment of £150. A few days later, the conveyancer contacted me sheepishly admitting that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
What does a local search tell me about the property we're buying in Chorlton cum Hardy?
Chorlton cum Hardy conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for example Xpress Legal The local search is essential in every Chorlton cum Hardy conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your property. The search will supply data on, amongst other things, details on planning applications relevant to the premises (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 13 subject headings.
I am buying my first flat in Chorlton cum Hardy with a mortgage from Platform Home Loans Ltd. The sellers would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not reveal to my lawyer about the side-deal as it will affect my loan with Platform Home Loans Ltd. 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.