My IFA has asked me for my Corbridge solicitor’s panel reference for the Santander conveyancing panel. Can you suggest how I obtain this. I have tried my local Corbridge branch but they don't know it.
The sensible thing to do is ask for this information from your Corbridge property lawyer . They maintain a central record lender panel numbers.
We are soon to exchange on the purchase of a house in Corbridge but as a result of wreckage from a small fire at the property I have managed to agree recompense from the seller of £2k in the form of a adjustment in the price. This was going to be dealt with as part of a side agreement yet TSB are not allowing this. Should they have been involved?
Your solicitor being on the TSB approved list is obliged to advise TSB of any changes to the sale price. If you prohibit your conveyancer to report the reduction to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new solicitor for your conveyancing in Corbridge.
At what point will exchange of contracts take place for domestic conveyancing in Corbridge and do I need to attend the lawyers office?
If you are in close proximity to one of the conveyancing solicitors in Corbridge you are invited in to sign the paperwork. That being said, the law practices we work with supply countrywide coverage for conveyancing and provide just as detailed and professional a job for you when communicating with you digitally. The executing of the contract is not the point of no return. A signed contract is just a prerequisite for the solicitor to address the formalities at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Corbridge)to be in the office at the appropriate time.
Can you point me to a directory of Barclays panel conveyancers in Corbridge on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association sites. A small selection of lenders make their panel listings available on the web. Where you are seeking to appoint a Corbridge conveyancer on the Barclays please make the most of our facility.
We previously appointed solicitors based in Corbridge on the TSB solicitor approved list. They have just billed me a further charge for dealing with the TSB mortgage. Is this an additional conveyancing fee set by TSB?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your lawyer is entitled to charge a fee for this. This charge is not set by TSB but by your Corbridge conveyancer. Plenty of firms on the TSB panel will charge an ‘acting for lender’ fee but plenty of firms include it on their overall fee.
About to purchase maisonette in Corbridge. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Corbridge conveyancer is on the Nottingham conveyancing panel.
I am purchasing my first flat in Corbridge with a mortgage from Coventry Building Society. The builders refused to reduce the price so I negotiated £7000 of extras instead. The sale representative suggested that I not reveal to my lawyer about the extras as it may adversely affect 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.
I have been on the look out for a flat up to £305k and found one close by in Corbridge I like with a park and railway links nearby, however it only has 61 years unexpired on the lease. I can't really find anything else in Corbridge for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.