We are purchasing a newly constructed flat in Evesham and my lawyer is advising me that she has to the mortgage company to reveal incentives from the developer. I am under pressure to sign contracts and I don't want to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
When researching consumer advice sites for a high-quality lawyer in Evesham, most comment that I should look for a CQS accredited lawyer. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home moving process, trusted by some of the UK's biggest mortgage companies. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Building Societies Association (BSA). CQS is not a scheme offered by the Society for Licensed Conveyancers. Evesham is one of the numerous areas in England and Wales where there are CQS lawyers.
When it comes to mortgage companies such as RBS, do Evesham property lawyers face an annual charge to be on the conveyancing panel?
We are not aware of any lender fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
How can we know in advance if a Evesham conveyancing solicitor on the TSB panel is any good?
When it comes to conveyancing in Evesham getting recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer conducting your conveyancing.
We were going to get a OIP from RBS this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do RBS recommend any Evesham solicitors on the RBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Evesham solicitors independently although you'll need to choose one on the RBS conveyancing panel. The solicitor represents both you and RBS through the process.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Evesham is the location of the property. Can you offer any advice?
Flying freeholds in Evesham are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Evesham you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Evesham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm refinancing my current house to a BTL mortgage with Bank of Scotland and I will use the ballance of the raised equity as a down payment on further property. The area we are talking about is Evesham. Will your conveyancers be able to act for the two lenders and tie in the transactions?
Do use our search tool on this page to ensure that the solicitors are on the appropriate lender panels. Having checked that they are your lawyer should be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and specify your desired outcome and needs.
My husband and I are selling a Evesham ground floor flat we inherited six years ago in 2012. I have over 15 years conveyancing know-how and, now retired, intend to do the legal work. The buyer's conveyancing practitioner has informed me that their mortgage company will not allow us to do our own conveyancing as they require the funds to be transferred to a solicitor's bank account.
Lending instructions to conveyancers from all mainstream lenders state that If the vendor is not legally represented the purchaser’s lawyers should check whether the mortgage company needs to be told so that a decision can be made as to whether or not they are prepared to move forward.