My wife and I are intent on purchasing residence in Harmondsworth. My property lawyer is not listed on the lender approved list. Can I still retain my Harmondsworth conveyancing solicitor notwithstanding that they are not on the lender approved list?
Your options include
- Complete the purchase with your existing Harmondsworth solicitor but your bank will no doubt use a conveyancing practitioner from their approved list. The net result is additional charges and probable interruption.
- Choose a fresh lawyer to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Convince your property lawyer to pull out all the stops to get accepted on the mortgage company conveyancing panel
I am thinking of mortgaging my house in Harmondsworth, does my lawyer have to be on the Kent Reliance Conveyancing panel?
There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I'm purchasing my first flat in Harmondsworth with a loan from Bank of Ireland. The developers would not budge the price so I negotiated 6k of extras instead. The house builders rep told me not disclose to my solicitor about the side-deal as it may put at risk my loan with Bank of Ireland. Do I keep my lawyer in the dark?.
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.
Due to the guidance of my in-laws I had a survey completed on a house in Harmondsworth in advance of instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some lenders tend refuse to grant a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Harmondsworth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Harmondsworth to see if the conveyancing costs will increase in light of this.
I was advised by numerous estate agents in Harmondsworth to select a solicitor on your site. Is there a financial upside for Estate Agents to market your site rather than another?
We don’t offer any financial incentive for directing people our way. We thought it would be too underhand to pay a commission because a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am using a search engine for the words conveyancing in Harmondsworth it reveals many conveyancersin the vicinity. How do I determine which is the right conveyancing solicitor for the sale of my house?
The preferential way of finding a suitable conveyancer is through a personal referral, so enquire of friends and family who have acquired a property in Harmondsworth or a reputable estate agent or mortgage broker. Fees for conveyancing in Harmondsworth vary, so it's sensible to request at least four estimates from different companies. Make sure that you know that the costs are assured not to increase.