I opted for a high street firm for my conveyancing in Thornton Heath last week. Going through the official terms of business I seewe are liable for charges even where the conveyance does not complete. Should I ditch them and instruct a web based conveyancing company advertising no-sale-no-fee conveyancing in Thornton Heath?
It is usually ‘give and take’ in that if "No Sale No Fee" is available then the conveyancing charges will generally be more expensive to neutralise those transactions that do not go ahead. Do bear in mind that such schemes generally do not protect you from disbursements for example Thornton Heath conveyancing search expenses.
My brother-in-law has suggested I instruct a conveyancing solicitor in Thornton Heath. I need to find out if they are accepted on the Godiva Mortgages Ltd approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should contact your lawyer and ask them if they can act for the lender. Alternatively please get in touch with Godiva Mortgages Ltd who may be able to confirm.
Are all Thornton Heath Conveyancing Quality Solicitors on the HSBC conveyancing list of approved firms?
A selection of banks and building societies now make use of the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their panels.
I was told four weeks ago that my mortgage has been agreed to by Aldermore. Is it usual for Aldermore to only issue the offer once my solicitor in Thornton Heath is approved on their conveyancing panel? Aldermore have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Aldermore to deal with your lawyer's application to be on the Aldermore conveyancing panel. There's no guarantee that your solicitor will be accepted.
Yorkshire BS have agreed my mortgage in principle, my offer on a flat in Thornton Heath has been agreed to, what happens next?
The property agent will wish to be informed of your solicitor's details (be sure the solicitors are on the bank’s approved list). Telephone Yorkshire BS or your financial adviser and finish off any appropriate paperwork. Yorkshire BS will instruct a valuer who will get in contact with the estate agent or seller to schedule a slot for the valuation to take place. Once conducted (assuming no problems) it takes on average a week for the mortgage offer to be issued. Yorkshire BS will issue the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Thornton Heath.
I'm buying my first flat in Thornton Heath with a mortgage from Nationwide Building Society. The builders refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not inform my solicitor about the extras as it could impact my loan with Nationwide Building Society. 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 current home to a buy to let loan with Platform Home Loans Ltd and I will use the rest of the raised equity towards another property. The neighborhood we are looking at is Thornton Heath. Will your conveyancers be able to act for the two lenders and link together the conveyances?
Make use of our search tool on this page to check that the solicitors are approved by both lenders. Having checked that they are the lawyer will be able to connect the two deals but you should talk with you solicitor and make clear your expectations and requirements.
We're first time buyers - agreed a price, but the estate agent has warned us that the vendor will only issue a contract if we instruct the agent's recommended solicitors as they want an ‘expedited deal’. We would rather use a family conveyancer used to conveyancing in Thornton Heath
It is highly unlikely the sellers are driving this. If they desire ‘a quick sale', taking such a hostile approach to a genuine buyer is going to damage their objectives. Contact the sellers directly and make the point that (a)you are serious purchasers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you are going to instruct your preferred Thornton Heath conveyancing solicitors - as opposed tothe ones that will earn the negotiator at the agency a kickback or meet his conveyancing figures set by HQ.