I am hoping to receive a mortgage with Nat West. I hope to employ the services of a Licensed Conveyancer in Leytonstone. Does the Nat West Solicitor panel include conveyancers regulated by the CLC?
The Nat West conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I am assisting my step-mother sell her house in Leytonstone. Does the conveyancing solicitor order the energy performance certificate or it is for me to see to?
After the abolition of Home Packs, energy assessments was kept a compulsory element of selling a property. An energy assessment should be to hand before the property is marketed. This is not a task that conveyancers ordinarily arrange. If you are instructing a Leytonstone conveyancing practitioner they might be able to arrange EPC’s given their contacts with long established Leytonstone providers
Can you help - my lawyer says that flying freehold insurance is necessary on my purchase. What is the level of cover for Leytonstone conveyancing?
The right level of flying freehold indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and Leeds Building Society. Conveyancing solicitors as opposed to members of the public take out such insurances.
Is it the case that all Leytonstone CQS (Conveyancing Quality Scheme) solicitors are on the TSB conveyancing list of approved practices?
A selection of lenders now utilise CQS as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
four months have gone by following my purchase conveyancing in Leytonstone concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build house in Leytonstone with the aid of help to buy. The sellers would not move on the price so I negotiated £7000 of additionals instead. The sale representative suggested that I not disclose to my solicitor about the side-deal as it may put at risk my mortgage with the lender. 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Leytonstone in advance of appointing lawyers. I have been told that there is a flying freehold element to the house. My surveyor has said that some lenders tend not grant a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Leytonstone. Conveyancing will be smoother if you use a solicitor in Leytonstone especially if they are accustomed to such properties in Leytonstone.
I am buying a house and require a conveyancing solicitor in Leytonstone who is on the bank approved panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who conduct conveyancing in Leytonstone. We dont recommend any particular conveyancing practice.