I have just been advised by my estate agent that my Groby property lawyer is not on the lender Solicitor panel. How can I check?
Your first step should be to call your Groby lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your lender.
I am under pressure from the mortgagee in possession of a property in Groby to sign contracts within four weeks. What can I do to expedite matters?
In a situation where you are under time constraints to complete it is advisable to make sure that your lawyer is familiar with the location as they will have local relationships and knowledge. It is even conceivable that they may have transacted previoushomes in the same road. Therefore consider using a Groby conveyancing solicitor. In addition, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is estimated that just under twenty per cent of Groby conveyancing deals are suspended or jeopardised after discovering a buyer’s conveyancer was not on their mortgage lender’s list of approved solicitors. This can often result in the legal transfer of property being delayed by as much as three weeks. It is understood that this issue impacts approximately 100,000 home sales every year. Many Groby conveyancing practices can not act for certain mortgage companies so do check as early as possible.
It has been four months following my purchase conveyancing in Groby completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing my first flat in Groby with a mortgage from Halifax. The developers refused to budge the amount so I negotiated 6k of additionals instead. The property agent suggested that I not inform my lawyer about this side-deal as it may impact my loan with the bank. 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.
Is it possible to swap conveyancer as I need to instruct one who is on the Clydesdale conveyancing list. I hired a family conveyancing solicitor in Groby five minutes from me but the firm is not accepted by Clydesdale
We will our best to assist in finding you a conveyancing solicitor in Groby on the Clydesdale panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Groby. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Groby.
I previously told by my lender that their approved conveyancers operate no move no charge basis for conveyancing in Groby. I had a purchase fall through nevertheless the conveyancers want search fees! They say the fees are seperate!
in promising "no completion no fee" Groby conveyancing firms are writing off their fees for any work done. We must stress this does not constitute an insurance scheme. Disbursements aren’t covered – where the property lawyer have to pay money out to third parties, for instance Groby local search fees