I am hoping to receive a offer of a home loan from Halifax. I would like to use a Licensed Conveyancer in Leamouth. Does the Halifax Solicitor panel allow for conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We are due to exchange buying a property in Leamouth but as a consequence of damage from a small fire at the property I have was able negotiate reparation from the seller of £3k in the form of a deduction in the price. This was going to be addressed as part of the conveyancing process yet UBS are not allowing this. Why were they notified?
Any property lawyer that is on the UBS conveyancing panel is obliged to advise UBS of any amendments to the purchase price. If you were to refuse your conveyancing practitioner to report the price change to UBS then they would have to discontinue acting for you. In addition, UBS and you would have to appoint a new property lawyer for your conveyancing in Leamouth.
Finally the sale completed on my house in Leamouth last August yet the purchaser is SMS messaging me to say his conveyancer is waiting to hear from mine. What should my lawyer have done following completion?
After completion of your sale your conveyancer is committed to forward the transfer deeds and all of the paperwork to the purchaser's solicitors. Where relevant, your conveyancer must also evidence that the home loan has been repaid to the purchasers solicitors. There are no post completion formalities peculiar conveyancing in Leamouth.
My colleague suggested that where I am buying in Leamouth I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Leamouth conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Leamouth around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Leamouth Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information about Leamouth.
I'm buying a new build house in Leamouth benefiting from help to buy. The sellers refused to move on the amount so I negotiated £7000 of extras instead. The property agent told me not inform my lawyer about the extras as it could impact my mortgage with the lender. 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.
I decided to have a survey completed on a house in Leamouth in advance of appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some banks will not give a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Leamouth. Conveyancing may be slightly more expensive based on your lender's requirements.