I am selling my flat in Seaford and the estate agent has just text me to warn that the buyers are changing their property lawyer. The excuse is that the mortgage company will only work with solicitors on their conveyancing panel. On what basis would a big named mortgage company only deal with specific law firms rather the firm that they want to appoint to handle their conveyancing in Seaford ?
UK lenders have always had panels of law firms that can act for them, but in the last few years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for many years.
Mortgage companies blame a rise in fraud by way of justification for the reduction – criteria have been narrowed as a smaller panel is easier to keep an eye on. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The buyers are not going to have any impact on this.
I have given 2 months notice to my existing landlord and must leave my rented apartment in Seaford by the end of next month. Conveyancing on my purchase has just started. How realistic is it to complete in a couple of weeks as don't want to have to find short term accommodation?
The normal practice is not to provide notice for your tenancy unless you have exchanged. If you have not already done so, contact to your lawyer and urge them to they apply pressure on the other lawyers, try to get a realistic time scale from them that all parties will work towards
Can your site be used to recommend a Conveyancing solicitor in Seaford even if I’m not buying or selling a house, for example where I intend to acquire an office in Seaford with a loan from Barnsley Building Society?
The service is mainly utilised to locate residential conveyancing solicitors in Seaford but we have set out towards the end of this page a selection of Seaford commercial conveyancing firms. You should make contact with the company directly to establish if they are also authorised to represent Barnsley Building Society
I am looking to buy a property and need a conveyancing solicitor in Seaford who is on the Godiva Mortgages Ltd approved. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Godiva Mortgages Ltd in certain locations such as Seaford. We dont recommend any particular firm.
I need some quick conveyancing in Seaford as I have a deadline to sign on the dotted line within 3 weeks. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?
As you are are a mortgage free buyer you are at free not to have searches carried out although no conveyancer would advise that you don't. Drawing on years of experience of conveyancing in Seaford the following are examples of issues that can appear and adversely affect market value: Enforcement Actions, Overdue Fees, Overdue Grants, Unadopted Roads,...
I'm purchasing my first flat in Seaford benefiting from help to buy. The builders would not reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not inform my conveyancer about the side-deal as it would affect my mortgage with the bank. Should I keep quiet?.
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.