Completed the sale of my flat in Marlow last August yet the purchaser is e-mailing every few hours complaining that her conveyancer needs to hear from mine. What should have happened now that I have sold?
Post completion of your house sale your solicitor is committed to deliver the transfer deeds and all of the paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer should also confirm that the mortgage has been paid off to the purchasers conveyancers. There is unlikely to be post completion procedures specific conveyancing in Marlow.
I am considering applying for a Lloyds mortgage for purchase of a newly converted (under development) in Marlow with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Lloyds ?
There is nothing to stop you using your solicitor, but Lloyds will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Marlow?
There are many recorded licenced Conveyancers in Marlow and Solicitor partnerships in Marlow offering conveyancing We would stress that the two are supervised by regulatory bodies with both specialising in the legal aspects of the home buying process. The two can conduct other property legal work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
Please help - my lawyer says that restrictive coveneant insurance is necessary on my purchase. What is the level of cover for Marlow conveyancing?
The right level of restrictive coveneant indemnity insurance should be dictated by who who your lender is. It would differ for example between National Westminster Bank and Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such policies.
We previously appointed solicitors based in Marlow on the Santander solicitor panel. They have just billed me an additional fee for handling the Santander mortgage. Is this an additional conveyancing fee set by Santander?
Unfortunately, so long as it is in their Terms and Conditions or Quote then yes your lawyer can levy a fee for this. This charge is not set by Santander but by your Marlow property lawyer. Numerous firms on the Santander panel will levy an ‘acting for lender’ fee and others do not.
I'm buying a new build house in Marlow benefiting from help to buy. The builders would not reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not reveal to my conveyancer about the side-deal as it would affect my mortgage with The Mortgage Works. 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 opted to have a survey completed on a property in Marlow prior to instructing lawyers. I have been told that there is a flying freehold element to the house. My surveyor advised that some mortgage companies tend not grant a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Marlow. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Marlow to see if the conveyancing costs will increase in light of this.
Are there any apps to help identify a Marlow solicitor on the Leeds Building Society conveyancing panel? I am a keen cyclist and am happy to travel upto 10kilometers to meet the solicitor.
You can use the search on this website. Please choose the lender and your location and you will see a number of Marlow conveyancing lawyers locally. We have listed some Marlow conveyancing firms at the bottom of this page and you can call them to see if they are on the Leeds Building Society approved list