Souldappointing a Addlestone conveyancing firm make my purchase more efficient?

Established third party connections is an important consideration when choosing conveyancing lawyers. Addlestone law firms often have connections with mortgage brokers and agents, local authorities, valuers and other conveyancing firms meaning you will move in shortest possible time. Hosting a sound experience in the local area is also a plus .

My solicitor has identified a a problem with the lease for the apartment we are buying in Addlestone. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will pay for it. Our conveyancer says that he must ensure that the bank is happy with this solution. Who is the client here, us or the mortgage company ?

Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the mortgage company are the client. These conveyancing instructions must be adhered to.

Forgive me if this question is silly but I am new to the home buying as a 1st time purchaser of a two bedroom flat in Addlestone. Do I pick up the keys to the premises on completion from my conveyancer? If so, I will instruct a local conveyancing solicitor in Addlestone?

There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the completion advance to the owner’s solicitors, and once they have received this, you will be called to pick up the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.

Is it correct that all Addlestone CQS (Conveyancing Quality Scheme) solicitors are on the Virgin Money conveyancing panel?

It is true that some lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to join their panels.

When it comes to mortgage companies such as Bank of Ireland, do Addlestone lawyers have to pay a yearly amount to be on the list of approved solicitors?

We are not aware of any lender fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel application.

I'm buying my first flat in Addlestone with a mortgage from Lloyds TSB Bank. The sellers would not budge the amount so I negotiated £7000 of extras instead. The house builders rep advised me not reveal to my conveyancer about the side-deal as it could adversely affect my loan with the lender. 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.

How do I search for a Addlestone solicitor on the Clydesdale conveyancing panel? I am a keen cyclist and am prepared to travel upto 10miles to meet the conveyancer.

You can use the search on this website. Please choose the mortgage company and your location and you will see a number of Addlestone conveyancing lawyers located nearest you. We have detailed some Addlestone conveyancing firms at the bottom of this page and you can telephone them to check whether they are on the Clydesdale member panel