My mortgage broker has requested my Southall lawyer’ panel member for the HSBC conveyancing panel. What is the best way to discover this. I have e-mailed my local Southall office but they have not got back to me yet.
Have you tried contacting your Southall property lawyer about this?. Most Southall conveyancing practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
I am approaching an exchange on a house in Southall and my mum and dad have transferred the 10% deposit to my property lawyer. I am now informed that as the deposit has not arrived from me my property lawyer needs to make a notification to my lender. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The property lawyer is obliged to check with lender to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
My fiance and I are buying a 1 bedroom apartment in Southall with a residential mortgage from The Mortgage Works.We use our Southall conveyancing lawyer but The Mortgage Works informed us his firm is not listed on their approved list of firms. we are left little option but to use a The Mortgage Works panel firm or keep our preferred solicitor and fork out for a The Mortgage Works panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan issued to you is subject to its various provisions, one of which will be that lawyers must be on the The Mortgage Works conveyancing panel. in the past, most mortgage companies had large numbers of solicitors on their panels: a borrower could choose 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. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for The Mortgage Works
I'm buying a new build house in Southall benefiting from help to buy. The developers refused to reduce the price so I negotiated £7000 of additionals instead. The estate agent advised me not reveal to my solicitor about the deal as it will put at risk my mortgage with The Mortgage Works. Do I keep my lawyer in the dark?.
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.
Due to the advice of my in-laws I had a survey completed on a house in Southall before instructing conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some banks may not grant a loan on this type of home.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Southall. Conveyancing will be smoother if you use a solicitor in Southall especially if they are familiar with such properties in Southall.
Having had my offer accepted I require leasehold conveyancing in Southall. Before I get started I want to be sure as to the remaining lease term.
If the lease is recorded at the land registry - and almost all are in Southall - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Southall conveyancing firm to act on my behalf?
Where there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the LVT to make a decision on the price payable.
An example of a Lease Extension case for a Southall property is 33 Barbican Road in January 2013. The Tribunals calculation of the lease extension premium payable was £17,592. This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 55.12 years.