Our Bexhill On Sea conveyancer has spotted a difference between the information in the home valuation survey and what is in the conveyancing documents. My lawyer informs me that he needs to check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s course or action appropriate?
Your conveyancer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My wife and I have recently appointed a conveyancing solicitor in Bexhill On Sea. I need to find out if they are accepted on the The Mortgage Works conveyancing panel. Could you assist?
The first thing to do is phone the solicitor and enquire whether they are on the lender panel. Otherwise please call The Mortgage Works who may be able to help.
I'm purchasing a new build house in Bexhill On Sea with a mortgage from Nottingham Building Society. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not disclose to my lawyer about this deal as it would adversely affect my mortgage 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.
I opted to have a survey completed on a property in Bexhill On Sea in advance of instructing conveyancers. I have been advised that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies may not give a mortgage on a flying freehold home.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bexhill On Sea. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Bexhill On Sea cover?
Bexhill On Sea conveyancing for business premises incorporates a broad array of guidance, provided by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.