Am I correct in assuming that the fact that my solicitor in Wareham is not on my mortgage company's conveyancing panel that there is a problem with the quality of his work?
That is most likely an incorrect assumption to make. There are all sorts of perfectly reasonable explanations. A recent report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Wareham conveyancing firm and enquire why they are no longer on the approved list for your lender.
Can I use your services to recommend a Conveyancing solicitor in Wareham even where I’m not buying or disposing of a house, for instance if I intend to acquire a shop in Wareham with a mortgage from Coventry Building Society?
Our search tool is predominantly utilised to help choose residential conveyancing solicitors in Wareham but we have listed towards the end of this page a few Wareham commercial conveyancing firms. You will need to make contact with the firm directly to see if they can also act for Coventry Building Society
We hope to to purchase with Darlington Building Society. We have called around locally yet cant to find a Wareham conveyancing firm on the Darlington Building Society panel. Please you assist?
Please do take advantage of the search tool on this site. Pick the building society and type Wareham or your location and you will see a number of lawyer offices in Wareham or near you.
I'm purchasing my first flat in Wareham with a mortgage from Barclays . The developers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not to tell my solicitor about this side-deal as it would put at risk my mortgage with the bank. 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.
Due to the input of my in-laws I had a survey completed on a property in Wareham before instructing lawyers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some lenders will not grant a loan on such a house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Halifax. Should you wish to telephone us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Wareham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Wareham to see if the conveyancing will be more expensive.
My plan is to acquire a ground floor flat in Wareham. Conveyancing lawyer is waiting for, from the vendor, building insurance documents. This morning I was informed that the owner must send the insurance schedule for the flat above as well. Why would my conveyancer want to check the insurance for the other flat? Is it really necessary? We have been in hold for the last three weeks…
It is not unheard of in leasehold conveyancing in Wareham to discover Conveyancing in Wareham in a minority of cases reveals that the lease requires the tenant's to insure their individual flats rather than the landlord insuring the whole premises - which is clearly better. You should check with your conveyancing practitioner but it would seem that your conveyancer is seeking to verify that the complete building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt for lack of insurance cover.