I am obtaining a offer of a home loan from Santander. My intention is to enlist the help of a Licensed Conveyancer in Stone Cross. Does the Santander Solicitor panel exclude Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
We have very pushy vendors who has recommended a preliminary agreement with a payment two thousand pounds. Is it wise to enter into such agreements?
This form of contract isn't frequently used in Stone Cross, conveyancers are not keen on them as they divert attention from the primary focus, namely conveyancing and if you end up having your deposit forfeited then the lawyer is left exposed. Furthermore, there is no certainty that just because the vendor has executed a lock out agreement they will complete the sale with you. They may be tempted to break the contract if they receive a large enough financial inducement to do so because an aggrieved purchaser with the benefit of a lockoutcontract will still be duty bound to establish consequential losses from the breach and these may not equate the extra amount that the owner may secure by breaking the agreement, however morally reprehensible that may be.
I am purchasing a new build house in Stone Cross with the aid of help to buy. The developers would not move on the amount so I negotiated £7000 of additionals instead. The sale representative suggested that I not disclose to my solicitor about the deal as it may adversely affect my loan with the lender. 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.
Due to the guidance of my in-laws I had a survey completed on a property in Stone Cross in advance of appointing solicitors. I have been advised that there is a flying freehold element to the house. The surveyor advised that some banks may not grant a mortgage on this type of house.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stone Cross. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stone Cross to see if the conveyancing will be more expensive.
I need to instruct a conveyancing solicitor for freehold conveyancing in Stone Cross. I happened to land on a web site which seems to have the perfect solution If there is a chance to get all formalities done via phone that would be ideal. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I've found a house that appears to tick a lot of boxes, at a great price which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Stone Cross. Conveyancing solicitors have are soon to be instructed. Will they explain the issues?
The majority of houses in Stone Cross are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area can assist with the conveyancing process. We note that you are purchasing in Stone Cross so you should seriously consider looking for a Stone Cross conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example requiring the freeholder’sconsent to conduct alterations. You may also be required to pay a service charge towards the maintenance of the estate where the house is part of an estate. Your solicitor will report to you on the legal implications.