Me and my partner are buying a flat in Caterham. I might seem paranoid but how we can trust a solicitor? At some point we will need to put our life savings 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.
I happen to be the single recipient of my late father’s estate with all property in now in my sole name, including the my former home in Caterham. Conveyancing formalities meant that the Land Registry date was in March. I want to move. I do know about the CML 6 month 'rule', which means that my property ownership will be treated the same way as though I had purchased the house in March. Do I have to wait half a year to sell?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. Some mortgage companies would take a sensible view as this clause chiefly exists to pick up on the purchase and immediately sell or the quick reselling of property.
Can you point me to a directory of Nationwide panel solicitors in Caterham on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of mortgage companies make their panel listings viewable online. Where you are seeking to appoint a Caterham conveyancing practitioner on the Nationwide please use our facility.
The deeds to our property can not be found. The solicitors who did the conveyancing in Caterham 5 years ago no longer exist. What do I do?
These day there are duplicates made of almost everything, and your conveyancer will know exactly where to locate all the appropriate documentation so you may purchase or dispose of your house without a hitch. Where duplicates are not available, your solicitor may be able to arrange cover in the form of insurance or indemnities against possible claims on the premises.
I am buying a new build house in Caterham with a mortgage from Platform Home Loans Ltd. The developers would not move on the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not to tell my lawyer about the extras as it could put at risk my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
I opted to have a survey done on a property in Caterham prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies tend refuse to issue a loan on this type of home.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Caterham. Conveyancing will be smoother if you use a solicitor in Caterham especially if they are acquainted with such properties in Caterham.
Do I need to be wary that estate agents that I am dealing with are encouraging me to use an internet conveyancing firm rather than a local Caterham conveyancing company?
As is the case with lots of professional services, often suggestions from connections can be very helpful. Nevertheless there are lots of parties with a vested interest in a conveyancing matter; estate agents, financial adviser and lenders might all put forward lawyers to choose. On occasion the conveyancers might be known to one of the organisations as one of the best in their field, but sometimes there behind the scenes financial incentive behind the endorsement. You are at liberty to select your preferred lawyer. However, bear in mind that most lenders operate an approved list of law firms you are obliged to use for the mortgage related work in your house move.