My husband and I are acquiring a newly built duplex in Dawlish and my solicitor is advising me that she has to the lender to reveal incentives from the seller. The Estate Agents are hassling me to exchange contracts and my preference is not to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My wife and I have recently appointed a conveyancing solicitor in Dawlish. I need to find out whether they are on the Virgin Money conveyancing panel. Could you or the lender confirm if they are on the panel?
You should call the conveyancer and enquire if they are on the lender panel. Otherwise you can call Virgin Money who may be able to confirm.
Me and my brother have a terraced Edwardian house in Dawlish. Conveyancing lawyer acted for me and National Westminster Bank. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold with the matching address. Is it worth asking National Westminster Bank to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Dawlish and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing lawyer who conducted the purchase.
I'm purchasing a new build house in Dawlish with a loan from The Mortgage Works. The builders would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not disclose to my conveyancer about the extras as it will adversely affect my mortgage with the bank. Is this normal?.
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.
Are there any apps to help search for a Dawlish law firm on the Godiva Mortgages Ltd conveyancing panel? I have wheels and am prepared to travel upto 10kilometers to meet the solicitor.
You can use the search on this page. Please pick a mortgage company and your location and you will see a number of Dawlish conveyancing lawyers based on proximity. We have listed some Dawlish conveyancing firms towards the end of this page and you can contact them to see whether they are on the Godiva Mortgages Ltd panel
I am using a search engine for the words conveyancing in Dawlish it shows results of numerous property lawyerslocally. With so much choice what is the best way to find the suitable conveyancer for purchase transaction?
The best way of choosing a suitable conveyancer is via trusted referral, so ask friends and those you trust who have bought a property in Dawlish or a reputable estate agent or financial adviser. Costs for conveyancing in Dawlish vary, so it's sensible to request at least four costs illustrations from varying types of companies. Dont forget to clarify that the charges are guaranteed not to rise.