I have been recommended a conveyancing solicitor in Balsall Heath. I need to find out if they are accepted on the Barnsley Building Society conveyancing panel. Could you assist?
You should call the conveyancer and ask them if they can act for the lender. Alternatively you should get in touch with Barnsley Building Society who may be able to assist.
Are there restrictive covenants that are commonly identified during conveyancing in Balsall Heath?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Balsall Heath. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying a new build house in Balsall Heath benefiting from help to buy. The developers would not move on the amount so I negotiated £7000 of extras instead. The house builders rep advised me not reveal to my conveyancer about the extras as it will jeopardize my loan with the lender. 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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Balsall Heath is the location of the property. Can you offer any opinion?
Flying freeholds in Balsall Heath are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Balsall Heath you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Balsall Heath may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am Googling for Balsall Heath competitive conveyancing fees. Can I be confident that all the Balsall Heath firms that are listed on your directory are on the bank conveyancing panel?
The law firms on our directory have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the lender panel. To date we have not been informed by either a bank or a member of the public that the data about a specific Balsall Heath firm being on the mortgage company conveyancing panel is not accurate.