Much to our surprise we have been told by our mortgage broker that my Brough property lawyer is not on the mortgage company Conveyancing panel. How can I check?
You need to call your Brough conveyancer. It is reasonable to expect your lawyer to advise you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
About to place an offer on a leasehold property in Brough. The selling agents assure me that it is standard for flats in Brough to have less than 75 years left on the lease. I am getting a mortgage with Accord Mortgages. Is this going to be a problem if the lease has 72 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/10/2024 the requirements read as follows :
The deeds to our property are lost. The conveyancers who conducted the conveyancing in Brough 10 years ago have long since closed. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your lawyer should be aware precisely where to look for all the relevant paperwork so you can purchase or dispose of your property without any difficulty. Where duplicates can’t be located, your conveyancer may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on your property.
I am purchasing my first flat in Brough with a loan from Bank of Ireland. The developers refused to budge the amount so I negotiated 6k of additionals instead. The property agent advised me not inform my solicitor about the deal as it could adversely affect my loan with the bank. 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.
What tools are available to locate a Brough solicitor on the Lloyds TSB Bank conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the conveyancer.
Feel free to make use of the tool on this website. Please choose the lender and your location and you will see a number of Brough conveyancing lawyers located nearest you. We have listed some Brough conveyancing firms at the bottom of this page and you can call them to verify whether they are on the Lloyds TSB Bank panel