Can your site be used to recommend a Conveyancing solicitor in Honiton even if I’m not purchasing or disposing of a house, for instance where I want to acquire a shop in Honiton with a loan from Aldermore?
Our search tool is mainly utilised to get a quote from residential conveyancing solicitors in Honiton but we have listed at the end of this page a selection of Honiton commercial conveyancing firms. You will need to speak with the company directly to establish if they are also authorised to represent Aldermore
My home in Honiton is up for sale and I have a purchaser. Will my property lawyer need to be required to be on the RBS conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the RBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently currently.
I am the single beneficiary of my late mum's estate and I have everything in my name now, including the my former home in Honiton. The Honiton property was put into my name in June. I plan to dispose of the house. I do know about the CML six month 'rule', which means that my proprietorship may be regarded the same way as if I'd bought the property in June. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. How practical a view banks take of it, depend on the mortgage company as this requirement chiefly exists to capture the purchase and immediately sell or the flipping of properties.
It is not clear whether my bank requires a lease extension. I have telephoned my Honiton bank branch on various occasions and was informed it wasn't a problem and they would lend. My Honiton conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend based on their published requirements. I simply don't know who is right.
Your property lawyer has to comply with the Council of Mortgage Lenders’ Handbook section two conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I was told three weeks ago that my mortgage has been agreed to by Virgin Money. Is it usual for Virgin Money to only issue the offer once my solicitor in Honiton is approved on their conveyancing panel? Virgin Money have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
I'm purchasing my first flat in Honiton benefiting from help to buy. The builders would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not to tell my lawyer about this extras as it could affect my mortgage with the bank. Should I keep quiet?.
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.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Honiton is where the house is located. Can you shed any light on this issue?
Flying freeholds in Honiton are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Honiton you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Honiton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I'm remortgaging my current house to a buy to let mortgage with Skipton Building Society and intend to use the remaining equity as a down payment on further property. The location we are interested in is Honiton. Will your conveyancers be able to act for the two mortgage companies and tie in the transactions?
Do use our search tool on this page to check that the lawyers are approved by both banks. Having checked that they are your conveyancer should be able to connect the two transactions but you should have a chat with you lawyer and specify your desired outcome and requirements.