I am expecting a offer of a home loan from Lloyds. I would like to enlist the help of a Licensed Conveyancer in Totterdown. Does the Lloyds Conveyancing panel exclude conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Totterdown. My lender is Virgin
Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 25/3/2025, the requirements read as follows :
Are there restrictive covenants that are commonly picked up during conveyancing in Totterdown?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Totterdown. 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 Totterdown with the aid of help to buy. The developers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The property agent advised me not inform my lawyer about this deal as it could jeopardize 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 am looking for a leasehold apartment up to £305k and found one close by in Totterdown I like with a park and railway links in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in Totterdown suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
I am one month into a residential purchase having been directed to solicitors by the estate agent to do our conveyancing in Totterdown. We are not happy. Could you you assist me in finding new lawyers?
A conveyancer would have to be very bad to suggest replacing them. Has your mortgage offer been generated? In the event that it has you will need to advise them of the new contact details and get the loan are re-issued. The solicitor ideally needs to be on the mortgage company panel to avoid escalating costs and complications. That should be your first question of the new lawyers. The search tool should help you find a bank approved lawyer for your home move in Totterdown