I have just been advised by my lender that my Nantwich solicitor is not on the mortgage company Solicitor panel. What can I do to be certain that this is indeed the case?
The first thing you need to do is to contact your Nantwich lawyer directly. You lawyer should notify you of the situation. If they are not on the panel they may be able to suggest a Nantwich conveyancing firm that is on the approved list of lawyers for your mortgage company.
The owners have rather pushy vendors who has suggested a exclusivity agreement with a deposit of 5k. Are such agreements appropriate for Nantwich conveyancing transactions?
Lock out contracts are agreements between a home owner and prospective acquirer giving the buyer the sole right to purchase the property within a prescribed time frame. Essentially, a lock out is a document stating that you should have a contract at a later time being the contract for the actual sale. It tends to be utilised for buyer confidence though in many situations, the vendor may enjoy an upside from such agreements as well. There are numerous positives and negatives to having them but you should to check with your solicitor but beware that it may end up costing you extra in conveyancing charges. For this these agreements are not popular when it comes to conveyancing in Nantwich.
I'm buying my first flat in Nantwich with the aid of help to buy. The builders refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not disclose to my conveyancer about this deal as it will affect my loan with the bank. 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 decided to have a survey carried out on a property in Nantwich ahead of retaining solicitors. I have been advised that there is a flying freehold element to the property. My surveyor has said that some mortgage companies tend refuse to issue a mortgage on such a home.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you contact us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Nantwich. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Nantwich to see if the conveyancing costs will increase in light of this.
I'm refinancing my existing house to a BTL loan with Norwich and Peterborough Building Society and intend to use the remaining equity as a down payment on another house. The location we are talking about is Nantwich. Will your conveyancers be able to act for the two banks and tie in the conveyances?
Make use of our comparison tool on this site to be sure that the conveyancers are on the appropriate lender panels. On the basis that they are the solicitor will be able to connect the two transactions but you should talk with you conveyancer and specify your expectations and needs.
Our lender agreed in principle to grant us a mortgage. We appointed a reputable conveyancer in Nantwich yesterday. This morning, our financial adviser phoned to advise us that the lender said that we cannot use our solicitor as they aren't on their 'approved list'. As novices, we did not have a clue that the mortgage company had some control over our choice Is this legal?
You are permitted to select any conveyancing solicitor you want to select for your conveyancing in Nantwich nevertheless if they are not on the your lender's panel you will have to pay an extra fee so the mortgage company can retain their own lawyers. sometimes it is possible your solicitor may apply to get added to the lender panel. You can use web-based tools including lenderpanel.com to find a conveyancing solcitor in Nantwich on the lender panel. You can go into your local lender branch in Nantwich. They will know some good conveyancing solicitors in Nantwich on the bank panel.