My wife and I are buying property in Kingsthorpe. My Conveyancer is not on the bank conveyancing panel. Am I still permitted to appoint my Kingsthorpe conveyancing solicitor notwithstanding that they are not on the bank panel?
Your options include
- Complete the purchase with your existing Kingsthorpe solicitor but your mortgage company will no doubt retain a solicitor on their approved list. The net result is additional charges and potential delay.
- Get a new conveyancer to conduct the conveyancing, ensuring that they are on the mortgage company conveyancing panel.
- Convince your lawyer to pull out all the stops to join the bank’s panel of solicitors
Are the BSA planning on creating a online directory to list solicitors on the Norwich and Peterborough Building Society conveyancing panel for instance in Kingsthorpe?
We would not expect to be advised of any intention on the part of the BSA to promote such a register.
I'm buying my first flat in Kingsthorpe benefiting from help to buy. The sellers refused to budge the price so I negotiated 6k of additionals instead. The estate agent advised me not reveal to my solicitor about the side-deal as it may put at risk my mortgage with the lender. 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.
Due to the advice of my in-laws I had a survey completed on a house in Kingsthorpe ahead of retaining lawyers. I have been told that there is a flying freehold element to the house. The surveyor has said that some mortgage companies will refuse to give a loan on such a property.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Kingsthorpe. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to retain a conveyancing solicitor for residential conveyancing in Kingsthorpe. I happened to chance upon a site which appears to be the perfect offering If there is a chance to get all formalities completed via email that would be preferable. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
How do I establish who is the owner of a property in Kingsthorpe?
Assuming that the property is recorded at HMLR, and you have enough information of the location of the property, you should be able to see results from the HMLR of the registered owner for a fee.