Me and my husband are buying an apartment in Feltham. My Solicitor is not on the mortgage company approved panel. Can I still retain my Feltham conveyancing solicitor notwithstanding that they are excluded from the lender approved list?
You must use a conveyancer to complete the legal work required when you take out a loan to purchase your home. The lawyer will conduct all the essential legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the required mortgage documentation is dealt with. You can instruct a Feltham lawyer of your choice. Nevertheless, if the conveyancer appointed is not a member of the mortgage company solicitor panel further costs will be incurred as separate legal representation will be need by the lender. Conveyancing panel applications can be submitted, so provided your lawyer has not historically applied for membership they should do so.
What is the first thing I need to know regarding purchase conveyancing in Feltham?
You may not hear this from too many lawyers but conveyancing in Feltham and elsewhere in England and Wales is an adversarial process. In other words, when it comes to conveyancing there exists an abundance of opportunity for friction between you and other parties involved in the home moving process. For example, the seller, property agent and on occasion the mortgage company. Choosing a lawyer for your conveyancing in Feltham is a critical decision as your conveyancer is your adviser, and is the SOLE party in the legal process whose role it is to protect your best interests and to keep you safe.
There is a definite ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. We recommend that you your first instinct should be to trust your solicitor ahead of the other players in the conveyancing process.
Me and my brother own a terraced Victorian house in Feltham. Conveyancing practitioner represented me and Godiva Mortgages Ltd. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the matching property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for 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 Feltham and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing solicitor who conducted the work.
I'm buying my first flat in Feltham with a mortgage from Barclays Direct. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The estate agent suggested that I not inform my solicitor about this extras as it would adversely affect my loan with the lender. Is this normal?.
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 opted to have a survey done on a house in Feltham before retaining conveyancers. I have been told that there is a flying freehold element to the house. My surveyor has said that some lenders will not issue a mortgage on this type of home.
It depends who your proposed lender is. Santander has different requirements from Halifax. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Feltham. Conveyancing will be smoother if you use a solicitor in Feltham especially if they regularly deal with such properties in Feltham.
As co-executor for the estate of my aunt I am selling a residence in Cardiff but live in Feltham. My conveyancer (based 235 miles awayhas requested that I sign a stat dec before completion. Can you recommend a conveyancing solicitor in Feltham who can attest and place their company stamp on the document?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are Feltham based