My husband and I are hoping to purchase a property in Isle of Sheppey and have instructed a Isle of Sheppey conveyancing practice. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Norwich and Peterborough Building Society have this morning contacted us to inform me that there is now an issue as our Isle of Sheppey conveyancer is not on their conveyancing panel. Is this a problem?
If you are buying a property with the assistance of a mortgage it is standard for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on the lender’s conveyancing panel as you are at liberty to use your preferred Isle of Sheppey lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
We note that you have a post code search directory identifying firms on the Clydesdale conveyancing panel. Do companies pay you a commission if I instruct them for our own conveyancing in Isle of Sheppey?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Isle of Sheppey.
We are due to move property in June. Should my conveyancing solicitor update the removal company on the day of completion. As an aside, can you suggest a removal company in Isle of Sheppey. Conveyancing solicitor was chosen prior to coming across your page.
On the afternoon of completion you can pick up the house keys from your property agent however this can only be done once the previous owners solicitors confirm to the agent that they acknowledge receipt of the completion payment and the keys can be passed over. Subsequently you will need to advise the removal men that you are ready to move in. As a matter of policy we do not suggest a specific removal company but can assist you in choosing a conveyancing in Isle of Sheppey or a solicitor that specialises in conveyancing in Isle of Sheppey.
My conveyancer has informed me that flying freehold insurance is necessary on my purchase. What is the level of cover for Isle of Sheppey conveyancing?
The right level of flying freehold indemnity insurance depends on your lender. It would differ for example between Halifax and The Royal Bank of Scotland. Conveyancing lawyers as opposed to members of the public take out such insurances.
Completion of my purchase has taken place for my property in Isle of Sheppey. Conveyancing was of an acceptable standard but I would like to complain about the lender. How do I make a complaint?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I'm purchasing a new build house in Isle of Sheppey benefiting from help to buy. The developers would not reduce the amount so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my lawyer about the extras as it will put at risk my mortgage with Santander. 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.
I am selling my house. My former solicitors have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Isle of Sheppey if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Isle of Sheppey. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
Why do I have to send my lawyer with numerous items of ID before I can commence with selling or purchasing a property in Isle of Sheppey?
Isle of Sheppey property lawyers are required by the Law Society, SRA, HM Land Registry and current AML legislation to certify that the have verified the identity of their clients. It will also be a requirement of your lender if you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to Land Tax and need to have details such as your full names, national insurance number and DOB.