Please help. My Hurst lawyer is assuring me that he is legally obliged toconduct Hurst conveyancing searches asthe firm are on the Santanderconveyancing panel. Is this really necessary?
You have limited options available to you. Given that you are taking out a loan with a bank your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the CML Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out Hurst conveyancing searches.
My wife and I have recently appointed a conveyancing solicitor in Hurst. I need to find out if they are accepted on the Virgin Money approved list of lawyers. Can you or the lender confirm if they are on the panel?
You should e-mail the lawyer and enquire if they are on the lender panel. Otherwise please get in touch with Virgin Money who may be able to assist.
Will our lawyer be asking questions concerning flooding during the conveyancing in Hurst.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Hurst. There are those who buy a house in Hurst, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, however there are a numerous searches that can be initiated by the buyer or by their solicitors which should give them a better understanding of the risks in Hurst. The conventional set of property information forms supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the seller to find out if the premises has suffered from flooding. If flooding has previously occurred which is not revealed by the vendor, then a purchaser could issue a compensation claim as a result of such an misleading reply. A buyer’s conveyancers will also order an environmental search. This should higlight whether there is any known flood risk. If so, more detailed inquiries should be initiated.
I'm buying my first flat in Hurst with a loan from Coventry Building Society. The developers refused to budge the price so I negotiated 6k of additionals instead. The sale representative suggested that I not inform my lawyer about this side-deal as it may put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
Are there any apps to help locate a Hurst solicitor on the Bank of Scotland conveyancing panel? I have a car and am happy to travel upto 25miles to meet the conveyancer.
You can use the search on this page. Please choose the bank and your location and you will see a number of Hurst conveyancing lawyers based on proximity. We have detailed some Hurst conveyancing firms towards the end of this page and you can call them to see if they are on the Bank of Scotland member panel
What is the reason for my conveyancing practitioner requiring numerous items of ID before they can commence with my conveyancing in Hurst?
Hurst property lawyers are duty bound by the Law Society, SRA, HM Land Registry and current AML legislation to record that the have verified the identity of their clients. It will also be a condition of your mortgage offer. In addition they have to complete various forms, particularly those relating to SDLT and need to have information such as your full names, national insurance number and DOB.