We see that you have a search directory listing law firms on the TSB conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Leicester?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Leicester.
I have a mortgage with Principality for my property in Leicester. Conveyancing was finalised some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Principality?
Principality must be informed of your intention in advance of renting your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. It should not be necessary to do this via a Principality conveyancing panel lawyer.
Bank of Ireland have agreed my home loan in principle, my bid on a flat in Leicester has been agreed to, what happens next?
Your property agent will want to be advised as to your conveyancer's details (ensure that the conveyancers are on the lender’s approved list). Contact Bank of Ireland or the broker and complete any relevant paperwork. Bank of Ireland will instruct a valuer who will get in touch with the estate agent or seller to schedule a time for the valuation to occur. Once carried out (assuming no problems) it takes about ten days to receive the mortgage offer. Bank of Ireland will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Leicester.
My offer on a house in Leicester has been accepted, but there is a chain. The vendors have offered on on an apartment, but it’s not yet tied up, and are looking at other properties in the pipeline. I have chosen a local conveyancing solicitor in Leicester. What should be my next step? When should I get the mortgage application with Co-operative going?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses too early (home loan application is in the region of one thousand pounds, then valuation, Leicester conveyancing search costs, etc). First, you must check that your property lawyer is on the Co-operative approved list. Regarding the next phase this very much depends on the specifics of your transaction, attraction to the property and on the state of the market. In a rising market many purchasers would apply for the mortgage with Co-operative and arrange for the valuation and only if it comes back ok would they request their lawyer to press on with searches.
I am purchasing a new build house in Leicester with the aid of help to buy. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not reveal to my conveyancer about this deal as it may jeopardize my loan with the bank. Is this normal?.
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've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Leicester is the location of the property. What do you suggest?
Flying freeholds in Leicester are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Leicester you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leicester may decide 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 property.
I am downsizing from my house. My former lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Leicester if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Leicester. 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.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.