We are purchasing a 1 bedroom flat in Maldon with a mortgage. We wish to retain our Maldon conveyancer, but the mortgage company advise she’s not on their "panel". We have to appoint one of the bank panel firms or keep our Maldon solicitor and pay for one of their panel ones to act for them. We consider that this is inequitable; can we not demand that the lender use our Maldon property lawyer ?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Maldon conveyancing solicitor to apply to be on the conveyancing panel.
I am planning to acquire a flat and require a conveyancing solicitor in Maldon who is on the Godiva Mortgages Ltd conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Godiva Mortgages Ltd in certain locations such as Maldon. We dont recommend any particular firm.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Maldon?
There are many recorded licenced Conveyancers in Maldon and Solicitor firms in Maldon who provide Conveyancing services We would stress that both are supervised by regulatory bodies with both specialising in the legal work in the home buying process. Both can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
This question may be naive but I am unseasoned as a 1st time buyer of a two bedroom flat in Maldon. Do I pick up the keys to the property on the completion date from my conveyancer? If so, I will instruct a High Street conveyancing solicitor in Maldon?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the owner’s lawyers, and once they have received this, you should be able to pick up the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
A friend pointed out to me me that in buying a property in Maldon there could be various restrictions preventing external alterations to a property. Is this right?
We are aware of anumerous of properties in Maldon which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Maldon should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm purchasing a new build house in Maldon with a mortgage from Norwich and Peterborough Building Society. The developers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not disclose to my conveyancer about this deal as it would impact my loan with the bank. 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.
I've recently found out that there is a flying freehold issue on a property I put an offer in last month in what should have been a straight forward, no chain conveyancing. Maldon is where the house is located. Can you shed any light on this issue?
Flying freeholds in Maldon are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Maldon you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maldon may determine 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.
I am buying a flat with all finances in place. My solicitor has been given with two separate proof of photo identification, bank statement, multiple utility bills. Now he needs a copy from a probate lawyer acknowledging that the money is in order and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Maldon conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.