We are buying a newly built duplex in Driffield and my solicitor is telling me that she has to the bank to reveal incentives from the builder. The Estate Agents are hassling me to exchange contracts and I have no desire to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am purchasing a terraced house in Driffield. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Driffield you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Driffield.
I am the single recipient of my late mum's will and I have everything in my name alone, including the house in Driffield. Conveyancing formalities meant that the Land Registry date was in February. I now wish to sell up. I understand that there is a CML six month 'rule', meaning my property ownership could be treated the same way as if I'd bought the property in February. Do I have to wait half a year to sell?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. many lenders would take a practical view as this requirement is chiefly there to capture the purchase and immediately sell or the wholesaling and assigning of property.
I have paid off my mortgage with TSB. I assume I don't need a Driffield property lawyer on the TSB panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
The formalities of my remortgage has taken place for my property in Driffield. Conveyancing was a necessary evil but I would like to complain about the lender. How do I make a complaint?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
A relative advised me that where I am purchasing in Driffield I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Driffield conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Driffield around the property and the people living there. It includes 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 Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information regarding Driffield.
Over the last few months I have been searching for a flat up to £195,000 and found one round the corner in Driffield I like with amenity areas and station nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Driffield for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the shortness of the lease will be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
Is it possible to switch firm as I have to appoint a firm on the Halifax conveyancing list. I was using a high street conveyancing solicitor in Driffield round the corner but he is not accepted by Halifax
We will our best to assist in finding you a conveyancing solicitor in Driffield on the Halifax panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Driffield. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Driffield.