I have just been advised by my mortgage adviser that my Crosby the law firm I have appointed is not on the bank Conveyancing panel. How can I check?
Your first step should be to contact your Crosby conveyancer. You lawyer should notify you of the situation. If they are not on the panel they may recommend you to a Crosby conveyancing firm that is on the conveyancing panel for your bank.
I am getting closer to an exchange on a house in Crosby and my mum and dad have sent the 10% deposit to my property lawyer. I am now advised that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
The lawyer is obliged to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only report this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
Can your site be used to find a Conveyancing solicitor in Crosby even if I’m not purchasing or disposing of a house, for example where I wish to buy an office in Crosby with a loan from Godiva Mortgages Ltd?
The service is predominantly used to find domestic conveyancing solicitors in Crosby but we have recorded towards the end of this page a few Crosby commercial conveyancing firms. You will need to speak with the firm directly to see if they can also act for Godiva Mortgages Ltd
Will our lawyer be raising enquiries concerning flooding during the conveyancing in Crosby.
Flooding is a growing risk for lawyers dealing with homes in Crosby. There are those who acquire a property in Crosby, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Conveyancers are not qualified to impart advice on flood risk, however there are a numerous searches that can be initiated by the purchaser or on a buyer’s behalf which should figure out the risks in Crosby. The standard completed inquiry forms given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a usual inquiry of the owner to determine whether the property has ever been flooded. In the event that flooding has previously occurred and is not disclosed by the vendor, then a buyer may commence a claim for damages resulting from an incorrect reply. A buyer’s conveyancers may also order an environmental report. This should indicate if there is a recorded flood risk. If so, more detailed inquiries should be carried out.
I'm purchasing a new build house in Crosby with the aid of help to buy. The developers refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not reveal to my solicitor about this side-deal as it could affect my loan with Santander. 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.
We're new to the buying process - agreed a price, yet the estate agent told us that the owners will only move forward if we appoint the agent's preferred conveyancers as they want a ‘quick sale’. My instinct tells me that we should use a local solicitor used to conveyancing in Crosby
We suspect that the owner is not behind this demand. If they require ‘a quick sale', turning down a motivated purchaser is counter productive. Contact the vendors directly and make sure they comprehend that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you intend to use your preferred Crosby conveyancing firm - not the ones that will provide their estate agent a introducer fee or meet his conveyancing figures pre-set by senior management.