Finally, a loan agreement from Santander for the refinancing of my single bedroom apartment is coming within the next few days. Are you able to recommend a low cost conveyancing solicitor in Page Green?
This site is not designed to aid those in pursuit of a cheap conveyancing in Page Green. Our goal is to offer value for money conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing brokers offering ninety nine pound conveyancing in Page Green. In your best case scenario, in choosing a lawyer for low cost conveyancing, you will get your money’s worth and at worst you will end up with a hefty uplift in extras and still not receive the service expected.
My conveyancer has identified a a legal deficiency with the lease for the flat we are purchasing in Page Green. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will cover the costs. Our lawyer says that he must check that the bank is happy with this solution. Who is the client here, us or the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am selling my apartment in Page Green. Does the lawyer need to be required to be on the Coventry BS conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Coventry BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a house in Page Green? or Apparently there is an ancient law that could mean that owners of property living in a parish church boundary will be compelled to pay for maintenance to the chancel within the church. Is this suitable for conveyancing in Page Green?
Unless a prior purchase of the premises completed after 12 October 2013 you can assume that lawyers handling conveyancing in Page Green to remain recommending a chancel search and or chancel repair liability policy.
I am buying a new build house in Page Green with a loan from National Westminster Bank. The sellers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not reveal to my conveyancer about the side-deal as it could jeopardize my loan with the bank. Do I keep my lawyer in the dark?.
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 guidance of my in-laws I had a survey completed on a property in Page Green in advance of instructing lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some banks tend refuse to issue a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions from Halifax. If you e-mail us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Page Green. Conveyancing may be slightly more expensive based on your lender's requirements.