I am obtaining a mortgage offer from Halifax. My intention is to enlist the help of a Licensed Conveyancer in Clapton. Does the Halifax Conveyancing panel exclude Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Clapton. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 10/12/2018, the requirements read as follows :
I am buying a new build house in Clapton with a loan from Bank of Scotland. The builders refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not inform my conveyancer about this deal as it would jeopardize my mortgage with Bank of Scotland. 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.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Clapton is the location of the property. Is there any advice you can give?
Flying freeholds in Clapton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Clapton you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Clapton may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I am 17 days into a freehold purchase having been directed to conveyancers by the local agent to perform conveyancing in Clapton. I am am very disappointed with the quality of service. Could you help me find new conveyancers?
They would have to be really poor in order to consider diss instructing them. Has your mortgage been generated? If so you will need to inform them of the replacement lawyer and ensure the offer are re-sent. Your conveyancer needs to be on the lenders approved list to avoid added fees and frustration. That should be your first question of the new conveyancers. The search tool should assist you in finding a bank approved solicitor for your conveyancing in Clapton