My brother-in-law has suggested I instruct a conveyancing solicitor in Bourton on the Water. I I am struggling to find out if they are on the The Mortgage Works approved list of lawyers. Could you help?
The first thing you should do is call the lawyer and ask them whether they are on the lender panel. Otherwise you should get in touch with The Mortgage Works who may be able to help.
Me and my partner are purchasing a flat in Bourton on the Water. I might seem paranoid but how we can trust a lawyer? On completion day we will need to deposit money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
The formalities of my remortgage has taken place for my property in Bourton on the Water. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
After what seems like an age I have had an offer on a maisonette in Bourton on the Water agreed to, the owners do nevertheless have a tied purchase. The vendors have offered on on an apartment, however it’s not yet agreed to, and have viewings of other flats in the pipeline. I have selected a nearby conveyancing solicitor in Bourton on the Water. What should be my next step? When do I get the mortgage application with UBS going?
It is usual to have concerns where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx one thousand pounds, then survey, Bourton on the Water conveyancing search charges, etc). The first course of action is to check that your solicitor is on the UBS approved list. As to the subsequent steps this very much dictated by the uniqueness of your case, attraction to this property and on the state of the market. In a rising market some purchasers will apply for a home loan with UBS and pay for the valuation and only if it was satisfactory would they request their conveyancer to proceed with the conveyancing in Bourton on the Water.
Should our solicitor be raising enquiries concerning flooding as part of the conveyancing in Bourton on the Water.
The risk of flooding is if increasing concern for lawyers carrying out conveyancing in Bourton on the Water. There are those who buy a house in Bourton on the Water, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, but there are a number of checks that can be undertaken by the buyer or on a buyer’s behalf which should figure out the risks in Bourton on the Water. The standard property information forms sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the owner to determine whether the property has suffered from flooding. If the residence has been flooded in past which is not notified by the seller, then a purchaser could issue a legal claim for losses resulting from an incorrect reply. A buyer’s conveyancers may also conduct an environmental search. This should higlight whether there is any known flood risk. If so, additional inquiries should be made.
I am purchasing a new build house in Bourton on the Water with a loan from Virgin Money. The builders would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not inform my lawyer about the deal as it would put at risk my loan with the bank. Is this normal?.
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.
Due to the input of my in-laws I had a survey completed on a house in Bourton on the Water prior to retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some banks tend not give a loan on such a premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bourton on the Water. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bourton on the Water to see if the conveyancing costs will increase in light of this.