I am obtaining a mortgage offer from Santander. I hope to enlist the help of a Licensed Conveyancer in Whittlesey. Does the Santander Solicitor panel allow for conveyancers regulated by the CLC?
The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am purchasing a newly constructed flat in Whittlesey and my conveyancer is informing me that she is duty bound to the mortgage company to disclose incentives from the seller. The Estate Agents are hassling me to exchange and my preference is not to delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We hope to to purchase with Loughborough BS. I dropped in a couple of high street firms but am struggling to find a Whittlesey conveyancing firm on the Loughborough BS approved list. Please you assist?
Please do make use of the find a lender approved solicitor tool on this web page. Pick the lender and type Whittlesey or your preferred area and you will discover numerous conveyancers based in Whittlesey or near you.
I appreciate that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when acquiring a property in Whittlesey? or Apparently there is a law dating back centuries that could mean that homeowners living in a parish church boundary will be compelled to contribute towards repairs to the chancel within the church. Is this relevant for conveyancing in Whittlesey?
Unless a prior purchase of the premises took place after 12 October 2013 you may assume that solicitors delivering conveyancing in Whittlesey to remain recommending a chancel search and or chancel repair liability insurance.
How does conveyancing in Whittlesey differ for newly converted properties?
Most buyers of new build property in Whittlesey come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is constructed. This is because house builders in Whittlesey tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Whittlesey or who has acted in the same development.
I am looking for a leasehold apartment up to £245,000 and identified one close by in Whittlesey I like with open areas and station in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Whittlesey for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage the remaining unexpired lease term will likely be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.