My lawyer in Monmouth has never been on on the Barnsley Building Society Approved Panel. Can I still use my family solicitor notwithstanding that they are not on the Barnsley Building Society panel?
Your options are as follows:
- Carry on with your preferred Monmouth lawyers but Barnsley Building Society will need to instruct a conveyancer on their list of acceptable firms. This will result in additional total conveyancing charges and result in delays.
- Choose an alternative lawyer to act in the conveyancing, remembering to check they are on the Barnsley Building Society panel
4 months have elapsed following my purchase conveyancing in Monmouth took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. 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 premises 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 Monmouth benefiting from help to buy. The sellers would not budge the price so I negotiated 6k of extras instead. The house builders rep told me not inform my lawyer about the deal as it may impact my mortgage with Clydesdale. 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.
Due to the advice of my in-laws I had a survey completed on a house in Monmouth ahead of retaining conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor has said that some banks tend not give a mortgage on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Monmouth. Conveyancing will be smoother if you use a solicitor in Monmouth especially if they are acquainted with such properties in Monmouth.
I'm converting the mortgage on my existing home to a buy to let mortgage with Birmingham Midshires and intend to use the remaining equity towards a second house. The location we are looking at is Monmouth. Will your lawyers be able to act for the two banks and tie in the conveyances?
Do use our search tool on this site to check that the solicitors are on the appropriate lender panels. Assuming that they are the solicitor will be able to simultaneously deal with the two transactions but you should have a chat with you conveyancer and specify your desired outcome and requirements.
What tools are available to search for a Monmouth conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 20kilometers to meet the lawyer.
You can use the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Monmouth and you will see a number of lawyer located nearest Monmouth. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the lender solicitor panel.