I am considering applying for a Leeds Building Society mortgage for purchase of a new build (under development) in Loughborough with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Leeds Building Society ?
In theory, you could use a solicitor that is not on the Leeds Building Society conveyancing panel, but Leeds Building Society would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
My partner and I are close to exchanging contracts on the sale of our property in Loughborough and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Loughborough lawyer would know that there is no such problem. It does beg the question why the buyers instructed an internet conveyancing practice rather than a conveyancing solicitor in Loughborough. Having lived in Loughborough for 5 years we know of no issue. Do we contact our local Authority to get clarification that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I used Arc property Solicitors a few years past for my conveyancing in Loughborough. I now require my papers but the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Loughborough of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying my first flat in Loughborough with a loan from Santander. The developers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not reveal to my conveyancer about this side-deal as it could 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.
What tools are available to locate a Loughborough solicitor on the Chelsea Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 25miles to meet the conveyancer.
Feel free to make use of the tool on this website. Please choose the mortgage company and your location and you will see a number of Loughborough conveyancing lawyers locally. We have listed some Loughborough conveyancing firms towards the end of this page and you can call them to verify whether they are on the Chelsea Building Society member panel
I need to instruct a conveyancing solicitor for freehold conveyancing in Loughborough. I have land on a site which looks to be the perfect solution If there is a chance to get all the legals done via web that would be preferable. Should I be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?