I have just been advised by my financial adviser that my Melbourne lawyer is not on the mortgage company Conveyancing panel. What can I do to be certain that this is indeed the case?
Your first step should be to contact your Melbourne lawyer directly. It is reasonable to expect your lawyer to notify you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
I have given 8 weeks notice to my existing landlord and have to vacate my let out apartment in Melbourne by the end of next month. Conveyancing for my house purchase has just started. Can I complete in a couple of weeks as I wish to avoid having to move into temporary accommodation?
It is unwise to provide notice on a rental until you have exchanged. If you have not previously done so, update to your lawyer and urge them to they cajole the owners side, try to get a realistic time scale from them that all parties will aim towards
If you had a top tip for selecting a conveyancing solicitor in Melbourne what would it be?
Do not opt for the cheapest Melbourne conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
Does a directory service exist listing Santander panel conveyancers in Melbourne on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few lending institutions make their panel listings open the public over the internet. Where you are seeking to appoint a Melbourne solicitor on the Santander please make the most of our tool.
I was told three weeks ago that my mortgage has been agreed to by Principality. Is it usual for Principality to only issue the offer once my solicitor in Melbourne is approved on their conveyancing panel? Principality have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Principality to deal with your lawyer's application to be on the Principality conveyancing panel. There's no guarantee that your solicitor will be accepted.
My friend recommended that where I am purchasing in Melbourne I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes quoted for as part of the standard Melbourne conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Melbourne around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information regarding Melbourne.
I'm purchasing a new build house in Melbourne benefiting from help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The sale representative told me not to tell my solicitor about the deal as it may put at risk my loan with Platform Home Loans Ltd. Should I keep quiet?.
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 decided to have a survey done on a house in Melbourne in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some banks may refuse to grant a loan on a flying freehold property.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Melbourne. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Melbourne to see if the conveyancing will be more expensive.