I have just been advised by my broker that my Wolverley property lawyer is not on the lender Conveyancing panel. What can I do to be certain if this is indeed the case?
The first thing you need to do is to call your Wolverley conveyancer. You lawyer should advise you of the situation. If they are not on the panel they may be able to suggest a Wolverley conveyancing firm that is on the conveyancing panel for your bank.
Can the conveyancing solicitors listed on your site carry out attended exchange conveyancing in Wolverley?
There are a few conveyancing experts carrying out personalised exchanges. You should call us to get a conveyancing quote and details as to dates.
It is a dozen years since I acquired my property in Wolverley. Conveyancing lawyers have now been instructed on the sale but I can't locate the deeds. Is this a major issue?
You need not be too concerned. Firstly the deeds may be retained by the lender or they could be in the possession of the lawyers who acted in your purchase. Secondly the likelihood is that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining up to date copy of the land registers. The vast majority of conveyancing in Wolverley involves registered property but in the rare situation where your property is not registered it is more tricky but is not insurmountable.
I am buying my first flat in Wolverley with the aid of help to buy. The builders would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not reveal to my lawyer about the deal as it will impact my mortgage with Nationwide Building Society. Should I keep quiet?.
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.
As co-executor for the will of my aunt I am disposing of a property in Swansea but reside in Wolverley. My solicitor (who is 235 miles from merequires that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Wolverley to attest this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are based in Wolverley
Our lawyer in Wolverley has discovered a a problem with the lease for the flat we are purchasing in Wolverley. The seller’s lawyers have suggested defective title insurance as a solution. We are happy with insurance and will pay for it. Our lawyer has advised that as he is on the mortgage company conveyancing panel he must check that the lender is happy with this solution. Are we the client or is the bank?
Just because you have a mortgage offer from the mortgage company does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Wolverley conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the mortgage company are the client. These conveyancing instructions have to be complied with by the bank conveyancing panel who has to balance acting for you and the bank