My mortgage broker has asked me for my Knottingley lawyer’ panel member for the HSBC conveyancing panel. What is the best way to obtain this. I have called my local Knottingley office but they cant find it on their system.
You are best placed to get this information from your Knottingley solicitor . They retain a central record lender panel numbers.
I purchased a freehold premises in Knottingley yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Knottingley and has limited impact for conveyancing in Knottingley but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
When it comes to lenders such as Bank of Ireland, do Knottingley lawyers incur a fee to be on the conveyancing panel?
We are unaware of any bank fees to register on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I am expecting a AIP from UBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any Knottingley solicitors on the UBS conveyancing panel, or is it better to go independently?
You will need to appoint Knottingley solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I was told three weeks ago that my mortgage has been agreed to by TSB. Is it usual for TSB to only issue the offer once my solicitor in Knottingley is approved on their conveyancing panel? TSB have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.
I purchased a semi-detached Edwardian property in Knottingley. Conveyancing solicitor represented me and Lloyds TSB Bank. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching address. Is it worth asking Lloyds TSB Bank to clarify?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Knottingley and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing solicitor who conducted the work.
I'm purchasing a new build house in Knottingley benefiting from help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not inform my solicitor about the extras as it may impact 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.
What type of conveyancing matters do Knottingley conveyancing firms typically advise on?
The majority of Knottingley conveyancing practices tend to handle a number of services to domestic and agricultural land owners, sellers, first time buyers, freeholders and tenants assistingwith some of the following:
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Standard residential sale conveyancing in Knottingley or across the country
House purchase conveyancing in Knottingley and nationwide
Council Home Right-to-Buy Scheme Land Registry applications (adverse possession, lost deeds) Portfolio and off-shore remortgages New Build Conveyancing