My IFA requires my Shaftesbury law firm’s panel reference for the HSBC conveyancing panel. What is the best way to obtain this. I have called my local Shaftesbury office but they cant find it on their system.
Have you tried speaking to your Shaftesbury property lawyer about this?. They retain a central record lender panel numbers.
I have been recommended a conveyancing solicitor in Shaftesbury. I I would like to check whether they are on the Nottingham Building Society approved list of lawyers. Can you assist?
You should contact your conveyancer and ask them if they can act for the bank. Otherwise you can get in touch with Nottingham Building Society who may be able to confirm.
I'm purchasing a new build house in Shaftesbury with a mortgage from Nottingham Building Society. The sellers would not budge the price so I negotiated £7000 of additionals instead. The property agent told me not reveal to my solicitor about the deal as it could adversely affect my loan with the lender. 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.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a quick, no chain conveyancing. Shaftesbury is where the house is located. Is there any guidance you can give?
Flying freeholds in Shaftesbury are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shaftesbury you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shaftesbury may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Shaftesbury and how can your lawyers assist?
The particular law that you refer to gives a safeguard to commercial tenants, giving them the legal entitlement to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Shaftesbury is one of the hundreds of locations in which the firms we work with have offices
What is the average legal costs for conveyancing in Shaftesbury?
The average fee last year for conveyancing in Shaftesbury was just over one thousand four hundred and fifty pounds not including Land Tax and Land Registry charges.