I have been referred to a conveyancing solicitor in South Yorkshire. I I am struggling to find out if they are accepted on the Barclays Direct approved list of lawyers. Can you advise?
You should call the solicitor and enquire if they are on the lender panel. Alternatively please call Barclays Direct who may be able to assist.
When it comes to lenders such as Lloyds, do South Yorkshire solicitors incur an annual charge to be on the list of approved solicitors?
We are not aware of any mortgage company fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
My fiancee and I are spending time looking at houses in South Yorkshire and I am now considering a potential offer. Should I already have a conveyancing practitioner appointed at this stage? I intend to finance via a home loan with Co-operative.
It would be sensible to start your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the selling agent. Given that you are obtaining a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.
I have instructed a South Yorkshire property lawyer having checked that they are on the Kent Reliance conveyancing panel. Does my lawyer arrange the survey of the property?
Kent Reliance will need an independent valuation of the property. Your lawyer will not arrange this. Usually Kent Reliance will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own South Yorkshire surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Various internet forums that I have frequented warn that are a common reason for obstruction in South Yorkshire conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Searches are not likely to feature in any holding up conveyancing in South Yorkshire.
Are there restrictive covenants that are commonly identified during conveyancing in South Yorkshire?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in South Yorkshire. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing a new build house in South Yorkshire benefiting from help to buy. The sellers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not inform my lawyer about the side-deal as it may put at risk my mortgage 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.
I'm converting the mortgage on my primary home to a BTL loan with Alliance & Leicester and intend to use the remaining equity as a deposit on a second property. The location we are looking at is South Yorkshire. Will your conveyancers be able to act for both sets of mortgage companies and tie in the transactions?
Make use of our search tool on this page to check that the lawyers are on the relevant lender panels. Having checked that they are the lawyer should be able to connect the two conveyancing matters but you should talk with you conveyancer and make clear your desired outcome and needs.