My solicitor has uncovered a a problem with the lease for the flat we are purchasing in Chulmleigh. The other side have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer says that he must be satisfied that the bank is happy with this solution. Who is the client here, us or the lender?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the bank are the client. These conveyancing instructions have to be complied with.
What is your number one tip for finding a conveyancing solicitor in Chulmleigh
Do not opt for the cheapest Chulmleigh conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Can you point me to a directory of Santander panel solicitors in Chulmleigh on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the CML or Building Society Association sites. A small selection of lenders make their panel listings visible on the web. If you are in need of a Chulmleigh conveyancer on the Santander please use our facility.
I have today made my last payment due on my mortgage with TSB. I assume I don't need a Chulmleigh solicitor on the TSB panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
Despite weeks of looking the Title Certificate and documents to my house can not be found. The solicitors who conducted the conveyancing in Chulmleigh 5 years ago no longer exist. What are my options?
Nowadays there are copies made of almost everything, and your conveyancer should know exactly where to look for all the appropriate paperwork so you can purchase or dispose of your house without a hitch. Where duplicates can’t be located, your solicitor can put in place insurance or indemnities protecting you against possible claims on your premises.
I am purchasing my first flat in Chulmleigh with the aid of help to buy. The builders would not budge the amount so I negotiated 6k of extras instead. The sale representative told me not inform my solicitor about the extras as it will impact my loan with the bank. Is this normal?.
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.
Me and my partner have recently had a bid accepted on our 1st home in Chulmleigh, and are about to get solicitors instructed. I have utilised the numerous rating tools and the quotes are from all across the country. Is it advisable to have a Chulmleigh conveyancing practitioner local to the prospective property? I am content to do all the communicating electronically, but I guess at some stage we may be required to visit the lawyer's office to sign contracts?
The property lawyer does not need to be in Chulmleigh, but choosing local means that you can go in if required, by way of example, if a signature is immediately necessary. In addition, a Chulmleigh solicitor have established relationships with local agents and (if the vendor has instructed a local conveyancer) with them, which will help smooth the process.