I am expecting a offer of a home loan from Halifax. I hope to enlist the help of a Licensed Conveyancer in Coniston. Does the Halifax Conveyancing panel exclude conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
The owners of the house we are hoping to buy hired a conveyancing solicitor in Coniston who has recommended a lock out contract with a non-refundable deposit two thousand pounds. Are such agreements promoted for Coniston conveyancing transactions?
Exclusivity agreements are contracts between a property vendor and prospective acquirer granting the buyer a ‘clear field’ to purchase the property within a prescribed time frame. For all intents and purposes, an exclusivity agreement is a contract specifying that you will be issued with a contract at a later date being the contract for the actual sale. It is generally used for buyer protection though in some cases, the proprietor may enjoy an upside from such agreements as well. There are various positives and negatives to having an agreement but you need to check with your conveyancer but note that it may end up incurring extra in conveyancing charges. For these reasons these agreements are unusual in relation to conveyancing in Coniston.
We are purchasing a flat and require a conveyancing solicitor in Coniston who is on the Yorkshire BS solicitor panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Coniston.
I have 70 years remaining on my lease and require a lease extension for my flat in Coniston. Conveyancing solicitors on the Virgin panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 2/5/2024 the requirements read as follows :
I'm buying a new build house in Coniston with a loan from Britannia. The developers would not move on the amount so I negotiated 6k of extras instead. The house builders rep advised me not disclose to my solicitor about this side-deal as it could jeopardize my loan with the bank. 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.