I am selling my apartment in Wolverton and the EA has just text me to advise that the buyers are appointing a new conveyancer. The reason given is that the mortgage company will only work with solicitors on their conveyancing panel. Why would a leading mortgage company only work with certain lawyers rather the firm that they want to select for their conveyancing in Wolverton ?
UK lenders have always had an approved set of law firms they are willing to work with, but in recent years big names such as Santander, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for many years.
Banks justify this action to a rise in fraud by way of justification for the pruning – criteria have been narrowed as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is hearing daily from firms that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your buyers are unlikely to have any impact on this.
Can the conveyancing solicitors listed on your site conduct attended exchange conveyancing in Wolverton?
There are a few conveyancing specialists carrying out attended exchanges. Do e-mail us to obtain a costs illustration and details as to dates.
We are purchasing a property and need a conveyancing solicitor in Wolverton who is on the Leeds Building Society solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Wolverton.
I have recentlyfound out that Wolstenholmes have been shut down. They conducted my conveyancing in Wolverton for a purchase of a leasehold apartment 12 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wolverton conveyancing specialists.
I am purchasing a new build house in Wolverton benefiting from help to buy. The developers would not move on the price so I negotiated £7000 of extras instead. The property agent told me not disclose to my solicitor about this side-deal as it would jeopardize my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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 have just appointed agents to market my ground floor apartment in Wolverton.Conveyancing has not commenced however I have recently had a yearly maintenance charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as normal as all ground rent and maintenance charges will be allottedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process