It has come to my attention via my financial adviser that my Bexhill lawyer is not on the mortgage company Solicitor panel. What can I do to check?
Your first step should be to contact your Bexhill conveyancer. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
We were just about to exchange contracts for a leasehold flat in Bexhill. We encountered a snag. Our loan offer with Barclays runs out on 13/8/2021 but the vendors are insisting on a completion date of 17/8/2021. Can one extend the mortgage offer?
The best person to deal with your question is your conveyancer who is in a position to assess if he or she is better off negotiating with the lender, owner’s conveyancers, property agents or indeed all parties based on the history of your house move to date.
Can you clarify what the consequences are if my solicitor is suspended from the Yorkshire BS Solicitor panel ahead of completing my conveyancing in Bexhill?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial site in Bexhill?
Many commercial conveyancing solicitors in Bexhill will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Bexhill. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Bexhill.
For each commercial conveyancing transaction in Bexhill it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can result in delays to Bexhill commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in Bexhill.
I am purchasing a new build house in Bexhill with the aid of help to buy. The sellers would not budge the price so I negotiated five thousand pounds worth of extras instead. The property agent suggested that I not disclose to my solicitor about the side-deal as it may impact my loan with Coventry Building Society. 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.