Can you help? My Redruth solicitor is assuring me that he is legally obliged toconduct Redruth conveyancing searches becausethe firm are on the Virgin Moneysolicitor panel. Is this really necessary?
You have limited options available to you. As you are taking a mortgage with a lender your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Redruth conveyancing searches.
My partner and I are downsizing from our home in Redruth and according to the buyers it appears that there is a risk of it being built on contaminated land. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers are using a national conveyancing firm as opposed to a conveyancing solicitor in Redruth. We have lived in Redruth for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to seek confirmation that there is no issue.
It sounds as though you may have a conveyancing solicitor already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I am purchasing a new build house in Redruth with a loan from Santander. The developers would not move on the amount so I negotiated 6k of extras instead. The house builders rep suggested that I not reveal to my solicitor about this deal as it will adversely affect my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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 house in Redruth in advance of appointing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor has said that some banks tend not grant a mortgage on such a premises.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Redruth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Redruth to see if the conveyancing will be more expensive.
How straightforward is it to use your search app to get a quote from a conveyancing solicitor in Redruth on the approved list for my bank?
Step one is to choose a bank such as Santander, Skipton Building Society or Bank of Ireland then specify your preferred area for example Redruth. Conveyancing practices in Redruth and further afield will then be listed.
We are 17 days into a residential purchase having been directed to solicitors by the local agent to carry out the conveyancing in Redruth. I am am very disappointed with the level of service. Can you you assist me in finding new lawyers?
A lawyer would need to be very bad to suggest changing them. Has the mortgage offer been issued? If so you need to make them aware of the new contact details and ensure the mortgage documents are re-issued. Your new conveyancer should be on the banks approved list to avoid supplemental charges and delays. That should be your first question of the new lawyers. Our find a solicitor tool will help you find a lender approved lawyer for your conveyancing in Redruth