Recently contacted my conveyancing lawyer in Consett who conducted the legals two years ago asking for a conveyancing estimate based on the same type of home move (a leasehold residence and a freehold property) of similar values with a mortgage from Clydesdale. I am now being quoted twice the amount. Should I look for an alternative conveyancer?
The estimate does seem a little overpriced. If you you were to look around you might get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, providing that you were happy with the assistance the firm provided you maylive to regret opting for an a cheaper conveyancer. Remember to be sure the conveyancer can act for Clydesdale. Do use our search tool to choose a Consett conveyancing firm on the Clydesdale member panel, which can often include conveyancing solicitors in Consett.
My partner and I are refinancing our maisonette in Consett with Yorkshire BS. We have a son 19 who lives at home. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is forfeited by the lender. I have a couple of concerns (1) Is this form unique to the Yorkshire BS conveyancing panel as he did not need to sign this form when we remortgaged 3 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
First, rest assured that your Yorkshire BS conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Yorkshire BS. This is solely used to protect Yorkshire BS if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Yorkshire BS had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
My friend recommended that where I am buying in Consett I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Consett conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Consett around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data regarding Consett.
I'm purchasing my first flat in Consett with a loan from Santander. The sellers refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not reveal to my solicitor about this extras as it would impact my loan with Santander. 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.
Is it simple use your search facility to locate a conveyancing lawyer in Consett on the authorised to act for my bank?
Step one is to choose a lender such as Lloyds TSB Bank, The Royal Bank of Scotland or Bank of Ireland then type in your location e.g. Consett. Conveyancing firms in Consett and across England and Wales should be listed.
Myself and my partner have recently had an offer agreed on a apartment and had meeting on Wednesday with Nationwide for the mortgage. They warned me that when it comes to appointing a lawyer that if they are not on their approved panel of lawyers then we will be subject to an an extra fee of about two hundred pounds. This is because they would then have to instruct a solicitor to act on their behalf as well as the one we appoint for ourselves and we will be on the hook for their fees. I have requested Nationwide to furnish me with a list so I can seek quotes only from their approved lawyers but was told that I need to check with each individual conveyancer to see if they are on the panel. Is there a simple way of finding out who is on a lender panel?
Ask Nationwide what their criteria for joining their panel is for a solicitor.Thereafter ask the solicitor of your choice whether they fit that criteria and have they acted on mortgages for Nationwide before. If the answer to those is yes, then just double check with Nationwide. Another option is to utilise our search tool and we may be able to locate a lawyer in Consett on the panel for Nationwide.