I am hoping to receive a mortgage offer from Lloyds. My intention is to enlist the help of a Licensed Conveyancer in Hedge End. Does the Lloyds Solicitor panel include Licensed Conveyancers?
The Lloyds approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Do the conveyancing lawyers that you recommend execute conveyancing in Hedge End by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct personalised exchanges. You should call us to receive a conveyancing quote and details as to dates.
In reviewing online forums for an affordable solicitor in Hedge End, most advise that I must instruct a CQS kitemarked lawyer. What is CQS?
Hedge End Conveyancing Quality Scheme practices have achieved certification under the Law Society's Scheme (CQS) CQS was established to promote high standards in the in the legal transfer of properties. CQS enables buyers and sellers to identify solicitor firms who provide a quality residential conveyancing. Hedge End is one of locations in England and Wales in which CQS have offices. The conveyancing scheme requires solicitors to undergo a strict assessment, compulsory training, self-reporting, spot checks and annual reviews in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Legal Ombudsman.
I am purchasing a new build house in Hedge End with the aid of help to buy. The builders refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not to tell my solicitor about this extras as it may jeopardize my mortgage 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.
Due to the guidance of my in-laws I had a survey completed on a house in Hedge End ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies may refuse to issue a mortgage on this type of property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hedge End. Conveyancing will be smoother if you use a solicitor in Hedge End especially if they are accustomed to such properties in Hedge End.
I was advised by a few property agents in Hedge End to select a solicitor on your site. What’s the financial incentive for Estate Agents to market your services rather than a competitor’s?
We don’t offer any financial incentive for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.