I am expecting a mortgage offer from Nat West. I hope to enlist the help of a Licensed Conveyancer in Sidmouth. Does the Nat West Conveyancing panel exclude Licensed Conveyancers?
The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
Would the conveyancing solicitors identified through your search tool carry out auction conveyancing in Sidmouth?
There are a number of niche solicitors we can put you in touch with those who can conduct auction conveyancing. Sidmouth is one of our areas of in which our lawyers have a presence.
After scouring mumsnet.com for a cheap lawyer in Sidmouth, most say that I should instruct a CQS accredited solicitor. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised quality mark for legal experts in home moving process, trusted by some of the UK's leading banks. Four years ago the Conveyancing Quality Scheme was officially recognised by the Building Societies Association (BSA). The scheme does not cover licenced conveyancers. Sidmouth is one of the numerous areas of the UK where there are CQS lawyers.
Can I be sure that the Sidmouth conveyancing solicitor on the Clydesdale panel is any good?
When it comes to conveyancing in Sidmouth obtaining recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the lawyer handling your conveyancing.
We were going to get a DIP from Lloyds this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Lloyds recommend any Sidmouth solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint Sidmouth solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
At last I have had an offer on a flat in Sidmouth accepted, the sellers do however have an associated purchase. The owners have put an offer on a property, but it’s not yet tied up, and have viewings of other flats in the pipeline. I have selected a nearby conveyancing solicitor in Sidmouth. What should be my next step? When should I get the mortgage application with Nationwide going?
It is usual to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (home loan application is approx one thousand pounds, then survey, Sidmouth conveyancing search fees, etc). First, you must check that your property lawyer is on the Nationwide conveyancing panel. Concerning the next steps this very much depends on the specifics of your case, motivation for this property and on the state of the market. During a rising market many buyers will apply for the mortgage with Nationwide and pay for the valuation and only if it was satisfactory would they ask their conveyancer to move forward with searches.
I'm purchasing my first flat in Sidmouth benefiting from help to buy. The builders would not budge the price so I negotiated £7000 of extras instead. The sale representative told me not disclose to my lawyer about the side-deal as it could adversely affect my loan with TSB. 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.
I opted to have a survey carried out on a house in Sidmouth before instructing lawyers. I have been informed that there is a flying freehold element to the house. The surveyor has said that some banks tend refuse to grant a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Sidmouth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Sidmouth to see if the conveyancing costs will increase in light of this.