I am mortgaging my flat in Cranleigh, does my lawyer have to be on the TSB Conveyancing panel?
In theory, you could use a solicitor that is not on the TSB conveyancing panel, but TSB would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
4 months have elapsed since my purchase conveyancing in Cranleigh completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing a new build house in Cranleigh benefiting from help to buy. The sellers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not to tell my conveyancer about this side-deal as it would adversely affect my loan with the lender. Should I keep quiet?.
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 decided to have a survey done on a house in Cranleigh in advance of instructing conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some lenders will refuse to grant a loan on such a property.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. If you contact us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Cranleigh. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cranleigh to see if the conveyancing will be more expensive.
I need to appoint a conveyancing solicitor for freehold conveyancing in Cranleigh. I happened to stumble across a web site which looks to be the perfect offering If it is possible to get all this stuff done via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What happens where there is a problem with the searches conducted as part of my conveyancing in Cranleigh?
Usually, the majority of problems that arise in Cranleigh conveyancing search responses can be dealt with in advance of completion or title insurance can be taken. You should remember that even though you intend on purchasing the premises and may be willing to live with the search results, your lender may not, and when all said and done the decision rests with them.