My IFA says he needs my Leeds lawyer’ panel reference for the Nationwide conveyancing panel. How do I discover this. I have e-mailed my local Leeds office but they have not got back to me yet.
The sensible thing to do is ask for this information from your Leeds lawyer . They keep a central record lender panel numbers.
We are acquiring a newly built flat in Leeds and my conveyancer is informing me that she has to the lender to reveal incentives from the builder. The Estate Agents are hassling me to exchange and I don't want to prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have been told that property searches are a common cause of hinderance in Leeds conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays in the conveyancing process. Searches are unlikely to be the root cause of delay in conveyancing in Leeds.
I'm purchasing a new build house in Leeds with a loan from Nottingham Building Society. The sellers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not disclose to my solicitor about this deal as it may adversely affect my loan with Nottingham Building Society. Is this normal?.
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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a straight forward, chain free conveyancing. Leeds is where the house is located. Can you shed any light on this issue?
Flying freeholds in Leeds are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Leeds you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leeds may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How difficult is it to swap firm as I have to retain one who is on the HSBC Bank conveyancing panel. I had appointed a family conveyancing solicitor in Leeds round the corner but the firm is not accepted by HSBC Bank
It would be our pleasure to assist you find a conveyancing solicitor in Leeds on the HSBC Bank panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Leeds. In making use of search facility on this page, you can scrutinise fees for conveyancing solicitors in Leeds and beyond.