we are a couple who are hoping to buy a newly converted flat in South Brent with a residential mortgage from Norwich and Peterborough Building Society.We would like to retain our South Brent conveyancing practitioner but Norwich and Peterborough Building Society advised that she’s not listed on their "panel". we are left little option but to use a Norwich and Peterborough Building Society panel lawyer or retain our local solicitor and pay for a Norwich and Peterborough Building Society panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Norwich and Peterborough Building Society use our lawyer?
Unfortunately,no. The loan offered to you is subject to its terms and conditions, one of which will be that conveyancers must be on the Norwich and Peterborough Building Society solicitor panel. in the past, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Norwich and Peterborough Building Society
We are selling our house in South Brent and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A high street South Brent lawyer would know this is not the case. For the life of me I don't know why the purchasers instructed a nationwide conveyancing practice as opposed to a conveyancing solicitor in South Brent. Having lived in South Brent for many years we know of no issue. Should we contact our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing firm already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I am buying my first flat in South Brent with the aid of help to buy. The sellers refused to move on the amount so I negotiated £7000 of extras instead. The property agent suggested that I not to tell my lawyer about the side-deal as it will put at risk my loan with Bank of Ireland. Do I keep my lawyer in the dark?.
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 decided to have a survey done on a house in South Brent prior to appointing solicitors. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some lenders will not give a mortgage on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Halifax. If you call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in South Brent. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Brent to see if the conveyancing will be more expensive.
What tools are available to locate a South Brent solicitor on the Lloyds TSB Bank conveyancing panel? I have wheels and am willing to travel upto 10kilometers to meet the solicitor.
You can use the tool on this website. Please choose the lender and your location and you will see a number of South Brent conveyancing lawyers locally. We have detailed some South Brent conveyancing firms at the bottom of this page and you can ring them to see whether they are on the Lloyds TSB Bank panel
Should I appoint a South Brent conveyancing lawyer in close proximity to the house I am buying? An old friend can conduct the conveyancing but her office is a couple of hundredkilometers away.
The primary upside of using a local South Brent conveyancing practice is that you can attend the office to sign documents, hand in your ID and pester them if necessary. They will also have local intelligence which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and in the main were content that should surpass using an unknown South Brent conveyancing solicitor solely due to them being round the corner.