I am expecting a mortgage with Halifax. I intend to instruct a Licensed Conveyancer in Clapham and Salph End. Does the Halifax Conveyancing panel allow for Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am the sole beneficiary of my late father’s estate and I have everything in my name now, including the house in Clapham and Salph End. The Clapham and Salph End property was put into my name in April. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', meaning my proprietorship may be regarded the same way as if I'd bought the house in April. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. Some lenders would take a pragmatic view as this requirement is primarily there to identify the purchase and immediately sell or the flipping of properties.
Can you point me to a directory of Nationwide panel conveyancers in Clapham and Salph End on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lenders make their panel listings visible over the internet. Where you are in need of a Clapham and Salph End lawyer on the Nationwide please make the most of our tool.
I'm in the throws of viewing apartments in Clapham and Salph End and I am now considering a potential offer. Is it sensible to have my lawyer on ‘stand by’? I will be getting a home loan with Co-operative.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are seeking a mortgage with Co-operative, make sure you remember to check that your lawyer is on the Co-operative conveyancing panel.
Are there restrictive covenants that are commonly identified during conveyancing in Clapham and Salph End?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Clapham and Salph End. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am purchasing a new build house in Clapham and Salph End with the aid of help to buy. The sellers would not reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not disclose to my solicitor about this deal as it may affect my loan 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.
What type of property do your Clapham and Salph End conveyancing quotes apply to?
The quotes issued are only applicable to standard domestic property in England & Wales. Should you have any different needs such as industrial or agricultural property or commercial conveyancing in Clapham and Salph End do contact us to consider your requirements .