Me and my partner are due to complete on the purchase of a property in Hainault but as a result of wreckage from a small fire at the property I have managed to agree reparation from the owner of three thousand pounds taking the form of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process however Skipton are not allowing this. Why were they involved?
The property lawyer being on the Skipton approved list is obliged to disclose to Skipton of any amendments to the purchase price. If you prohibit your conveyancer to disclose the price change to Skipton then they would have to discontinue acting for you. In addition, Skipton and you would have to appoint a new conveyancer for your conveyancing in Hainault.
Can your site be used to recommend a Conveyancing solicitor in Hainault even if I’m not purchasing or disposing of a house, for instance where I intend to acquire an office in Hainault with a mortgage from Aldermore?
The service is mainly there to select domestic conveyancing solicitors in Hainault but we have set out towards the end of this page a selection of Hainault commercial conveyancing firms. You should enquire with the firm directly to establish if they can also act for Aldermore
is it true that all Hainault solicitors on the Aldermore conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Aldermore approved list of solicitors they would need to be overseen by the SRA. Some banks do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers.
I am purchasing a property in Hainault. An unusual aspect is that the roof has a solar panel. Kent Reliance have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Kent Reliance your lawyer must comply with the formal instructions set out in Part 2 of UK Finance Lenders’ Handbook for Kent Reliance. The Council of Mortgage Lenders’ Handbook includes minimum requirements for solar panel roof-space leases, and lawyers are required to report to Kent Reliance where a lease does not meet these provisions. The conditions relate to the installation of panels on properties countrywide and is not restricted to Hainault.
I am due to exchange contracts on my flat. I had a double glazing fitted in November 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Principality are being pedantic. The Hainault solicitor who is on the Principality conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Principality are insisting on a building regulation certificate. Why do Principality have a conveyancing panel if they don't accept advice from them?
It is probably the case that Principality have referred the matter to their valuer. The reason why Principality may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
We are intent on selling our house in Hainault and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any local lawyer would know that there is no such problem. It does beg the question why the purchasers used a web based conveyancing outfit as opposed to a conveyancing solicitor in Hainault. Having lived in Hainault for three years we know that this is a non issue. Do we get in touch with our local Authority to seek confirmation that the buyers are looking for.
It would appear that you have a conveyancing lawyer currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
I'm buying my first flat in Hainault with the aid of help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not inform my lawyer about the deal as it will adversely affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Should I be wary about brokers that I am dealing with are recommending a factory type conveyancing firm as opposed to a local Hainault conveyancing company?
As with lots of service providers, often input from family and friends can be worth their weight in gold. Yet there are numerous parties with a keen interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may recommend solicitors to use. Sometimes these solicitors might be known to one of the organisations as one of the best in their field, but sometimes there exists a financial incentive behind the endorsement. You have the right to choose your preferred conveyancer. Don't forget that many lenders specify a panel list of conveyancers you have to use for the mortgage aspect of your home move.