My mortgage broker says he needs my Colindale solicitor’s panel member for the Santander conveyancing panel. Can you suggest how I find this out. I have tried my local Colindale office but they cant find it on their system.
Have you tried calling your Colindale conveyancer about this?. Most Colindale law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
Our solicitor has identified a defect with the lease for the flat we are purchasing in Colindale. The seller’s lawyers have offered defective title insurance as a solution. We are content with insurance and will pay for it. Our property lawyer has advised that he must check that the mortgage company is willing to move forward with this solution. Who is the client here, us or the lender?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. The appropriate lender conditions must be adhered to.
I'm buying a new build house in Colindale with a mortgage from Barclays . The builders would not budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not inform my conveyancer about this deal as it could impact my loan with Barclays . 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 decided to have a survey carried out on a house in Colindale in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies will not issue a mortgage on such a property.
It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. If you e-mail us we can check with 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 Colindale. Conveyancing will be smoother if you use a solicitor in Colindale especially if they are familiar with such properties in Colindale.
I am purchasing a flat and require a conveyancing solicitor in Colindale who is on the lender approved panel. Could you point me in the right direction as regards a Colindale solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who carry out conveyancing in Colindale. We dont recommend any particular firm.