I can't travel far from Shaftesbury. I would like to know the logic why all Shaftesbury solicitors aren't automatically on all lender panels?
As unjust as it may appear for banks to limit who can represent them, from the public’s or lawyer’s perspective, the flip side is that banks are increasingly anxious and feel it essential to protect them from illegal activities. As a consequence of this concern lenders have restricted their panel of approved conveyancing lawyers to a size that they are happy to control.
I am soon to exchange buying a house in Shaftesbury but as a result of damage from some water damage at the property I have managed to agree reparation from the current proprietors in the sum of £2k by way of a deduction in the price. This was going to be dealt with as part of the conveyancing process however Aldermore will not permit this. Why were they notified?
Any property lawyer being on a Aldermore conveyancing panel is obliged to advise Aldermore of any changes to the sale price. If you prohibit your solicitor to disclose the reduction to Aldermore then they would have to discontinue acting for you. In addition, Aldermore and you would have to appoint a new property lawyer for your conveyancing in Shaftesbury.
We note that you have a post code search directory listing firms on the Barclays conveyancing panel. Do firms pay you a commission if I retain them for our own conveyancing in Shaftesbury?
We are a listing service only for law firms wishing to communicate if they are on the Barclays conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Shaftesbury.
My wife and I have recently appointed a conveyancing solicitor in Shaftesbury. I I am struggling to find out whether they are accepted on the Nottingham Building Society approved list of lawyers. Could you advise?
You should contact the solicitor and ask them whether they are on the lender panel. Alternatively please get in touch with Nottingham Building Society who may be able to confirm.
I am buying a new build house in Shaftesbury benefiting from help to buy. The developers refused to move on the amount so I negotiated £7000 of additionals instead. The house builders rep suggested that I not reveal to my conveyancer about this side-deal as it may affect my mortgage 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.
Is it true that a Shaftesbury conveyancing practice got sued by a client for failing to conduct the right conveyancing searches?
We are not aware of such a Shaftesbury conveyancing matter but according to a recent report, a couple purchasing a home elsewhere in England successfully won a claim against their conveyancer as a consequence of development plans to construct a wind farm not being identified in conveyancing searches.
Where you are buying in Shaftesbury It is important that your conveyancing practitioner carry out all Shaftesbury conveyancing searches required to ensure you have accurate and up to date information before purchasing a home in Shaftesbury.