My husband and I are purchasing a newly built duplex in Ferryside and my lawyer is advising me that she is duty bound to the mortgage company to disclose incentives from the developer. The Estate Agents are hassling me to exchange contracts and I would rather not delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender 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.
Are the Ferryside conveyancing solicitors identified as being on the HSBC conveyancing panel, together with their details provided by HSBC?
Ferryside conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
I am helping my aunt sell her property in Ferryside. Will the conveyancing solicitor commission an EPC or should I organise this?
After the demise of HIPs, EPC’s became a required part of selling a house. An energy performance certificate needs to be commissioned prior to the property being advertised. It is not something that law firms ordinarily arrange. If you are using a Ferryside conveyancing solicitor they may be willing to arrange EPC’s given their contacts with reputable local assessors
When it comes to lenders such as Kent Reliance, do Ferryside solicitors incur an annual charge to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Completion of my purchase has taken place for my property in Ferryside. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. We understand that complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I require quick conveyancing in Ferryside as I have an ultimatum to exchange contracts inside one month. Thankfully I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?
If.Given you are not obtaining a home loan you have the choice not to have searches carried out although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Ferryside the following are instances of what can appear and therefore affect the marketability of the property: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
I am looking for a flat up to £235,500 and found one close by in Ferryside I like with amenity areas and station nearby, however it only has 49 remaining years left on the lease. There is not much else in Ferryside for this price, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the shortness of the lease may be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I'm refinancing my primary property to a BTL mortgage with Santander and I will use the rest of the raised equity as a down payment on a second property. The location we are talking about is Ferryside. Will your solicitors be able to act for the two mortgage companies and tie in the two deals?
Do use our comparison tool on this site to ensure that the conveyancers are approved by both mortgage companies. On the basis that they are the lawyer should be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and communicate your expectations and requirements.