Are all Comberton Conveyancing Quality Solicitors on the Skipton conveyancing list of approved firms?
It is true that some lenders now use CQS as the starting point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
We have agreed to purchase a house in Comberton. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender RBS be concerned?
Given that you are obtaining a mortgage with RBS your lawyer must check the formal requirements outlined in Section two of UK Finance Lenders’ Handbook for RBS. The CML Handbook contains minimum requirements for solar panel roof-space leases, and conveyancers are required to report to RBS where a lease fails to comply with these requirements. The specifications relate to the installation of panels on properties in England and Wales and is not restricted to Comberton.
Intending to buy a house in Comberton. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Comberton conveyancer is on the RBS conveyancing panel.
I'm buying my first flat in Comberton with a loan from Bank of Ireland. The sellers refused to budge the price so I negotiated £7000 of additionals instead. The property agent suggested that I not disclose to my conveyancer about the deal as it would affect my mortgage with the bank. 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.
Over the last few months I have been searching for a ground for flat up to £305k and identified one close by in Comberton I like with a park and station nearby, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Comberton for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan that many years will likely be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I'm converting the mortgage on my existing property to a buy to let mortgage with Britannia and I will use the rest of the raised equity as a deposit on a second house. The location we are looking at is Comberton. Will your conveyancers be able to act for the two lenders and link together the two deals?
Do use our search tool on this page to check that the solicitors are on the appropriate lender panels. On the basis that they are your lawyer will be able to connect the two conveyancing matters but you should have a chat with you lawyer and specify your expectations and requirements.
Is it best to use a Comberton conveyancing solicitor who is local to the property I am hoping to buy? We have a good friend who can carry out the legal formalities however her office is a couple of hundredkilometers away.
The primary upside of using a local Comberton conveyancing practice is that you can drop in to execute paperwork, present your identification documents and pester them where appropriate. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and the majority were impressed that must surpass using an unfamiliar Comberton conveyancing lawyer just because they are Comberton based.