I plan on buying residence in Shildon. My lawyer is not on the mortgage company conveyancing list. Am I still permitted to retain my Shildon conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel?
Various options include
- Carry on with your existing Shildon lawyer but your bank will no doubt use a conveyancing practitioner from their approved list. The net result is additional fees and likely interruption.
- Get a fresh property lawyer to act in the purchase, obviously checking they are on the bank conveyancing panel.
- Convince your property lawyer to attempt to join the lender panel
We were just about to sign contracts for a ground floor flat in Shildon. We have hit a problem. The loan offer with Leeds Building Society expires on 16/11/2020 but the owners are insisting on a completion date of 18/11/2020. Can one prolong the loan offer?
The person best placed to address this issue is your conveyancer who will hopefully assess whether he or she is corresponding with the mortgage broker, owner’s lawyers, selling agents or conceivably all parties given what has happend in your house move as of today.
My uncle passed away last year and as sole heir and executor I was left the house in Shildon. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this possible?
If you intend to re-mortgage then UBS will require that you use a conveyancer on the UBS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your UBS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the UBS mortgage is registered as a charge at the Land Registry.
I'm buying my first flat in Shildon benefiting from help to buy. The sellers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The property agent advised me not to tell my lawyer about this extras as it could put at risk my loan with HSBC 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.
How do I use your search tool to find a conveyancing lawyer in Shildon on the authorised to act for my bank?
Step one is to pick a mortgage company such as Accord Mortgages Ltd, The Royal Bank of Scotland or Bank of Ireland then specify your preferred area for instance Shildon. Conveyancing practices in Shildon and beyond will then be listed.
I am thinking of appointing a conveyancing lawyer in Shildon for my house move. Is it possible to review a solicitor's record with the profession’s regulator?
One can find published Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The SRA sometimes monitor call for training reasons.