My mortgage broker has requested my Bermondsey law firm’s panel member for the Lloyds conveyancing panel. How do I obtain this. I have e-mailed my local Bermondsey branch but they have not got back to me yet.
The sensible thing to do is ask for this information from your Bermondsey conveyancer . They keep a central record lender panel numbers.
Are the BSA planning on creating a search tool with a view to to identify law firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Bermondsey?
We are not aware of any intention on the part of the BSA to promote such a register.
I have been told that property searches are a common reason for delay in Bermondsey conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Bermondsey.
It has been four months following my purchase conveyancing in Bermondsey concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing a new build house in Bermondsey with a loan from Nottingham Building Society. The builders refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not disclose to my conveyancer about the side-deal as it could 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 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.