My Colliers Wood solicitor has identified an inconsistency when comparing the assumptions in the valuation survey and what is revealed within the legal papers for the property. My solicitor says that he must ensure that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action appropriate?
Your solicitor must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Can I use your services to recommend a Conveyancing solicitor in Colliers Wood even where I’m not buying or selling a house, for instance where I intend to acquire an office in Colliers Wood with a loan from Platform Home Loans Ltd?
Our comparison service is predominantly utilised to get a quote from residential conveyancing solicitors in Colliers Wood but we have set out at the bottom of this page a few Colliers Wood commercial conveyancing firms. You will need to make contact with the company directly to see if they are also authorised to represent Platform Home Loans Ltd
My Conveyancer in Colliers Wood is not on the Clydesdale Solicitor Panel. Is it possible for me to use my family solicitor notwithstanding that they are excluded from the Clydesdale approved list?
The limited options available to you here include:
- Carry on with your existing Colliers Wood solicitors but Clydesdale will need to use a lawyer on their list of acceptable firms. This will result in additional total conveyancing charges and cause delays.
- Get an alternative lawyer to to deal with the conveyancing, remembering to check they are on the Clydesdale panel
My aunt pointed out to me me that in purchasing a property in Colliers Wood there could be various restrictions preventing external changes to a property. Is this right?
We are aware of anumerous of properties in Colliers Wood which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Colliers Wood should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We had instructed conveyancers locally in Colliers Wood on the Barclays solicitor approved list. They have just billed me a further fee for the legal aspects of the Barclays mortgage. Is this a supplemental conveyancing fee set by Barclays?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your property lawyer is entitled to levy a fee for this. The fee is not set by Barclays but by your Colliers Wood conveyancing practitioner. Numerous firms on the Barclays panel will levy ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
Last month we had a mortgage agreed in principle with HSBC. Colliers Wood conveyancing practitioners have been chosen. What is the average time that one could expect to receive a mortgage offer from HSBC?
Some lenders take longer than others. Have HSBC conducted the survey? Have you advised HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
A colleague advised me that where I am buying in Colliers Wood I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Colliers Wood conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Colliers Wood around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Colliers Wood Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information about Colliers Wood.
I'm purchasing my first flat in Colliers Wood with the aid of help to buy. The builders would not reduce the amount so I negotiated 6k of extras instead. The estate agent advised me not disclose to my conveyancer about this deal as it could jeopardize my loan with the lender. Should I keep quiet?.
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.