My property lawyer in Barking is not listed on the Clydesdale Approved Panel. Is it possible for me to continue with my prefered solicitor even though they are excluded from the Clydesdale panel of approved conveyancing solicitors?
The limited options open to you here include:
- Complete the purchase with your existing Barking solicitors but Clydesdale will need to use a lawyer on their panel. This will result in additional total conveyancing charges and result in frustration.
- Get a new practitioner to act in the purchase, not forgetting to check they are Persuade your lawyer to do everything within their powers to join the Clydesdale conveyancing panel
I'm purchasing my first flat in Barking with a loan from Leeds Building Society. The sellers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not to tell my solicitor about the extras as it would adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
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 been on the look out for a ground for flat up to £195,000 and found one near me in Barking I like with amenity areas and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Barking for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I'm converting the mortgage on my existing home to a BTL loan with TSB and intend to use the remaining equity as a down payment on further property. The location we are interested in is Barking. Will your lawyers be able to act for the two mortgage companies and link together the two deals?
Make use of our search tool on this site to ensure that the conveyancers are on the relevant lender panels. Assuming that they are your lawyer will be able to connect the two conveyancing matters but you should talk with you lawyer and make clear your desired outcome and requirements.
We are one month into a residential purchase having been referred to solicitors by the high street agent to do our conveyancing in Barking. We are not happy. Could you help me find new conveyancers?
A conveyancer would have to be very bad in order to consider diss instructing them. Has the loan offer been issued? If so you must advise them of the replacement conveyancer and ensure the offer are re-sent. Your conveyancer needs to be on the banks panel to avoid added fees and complications. So that should be your starting point. The search tool will assist you in finding a bank approved lawyer for your home move in Barking