We are purchasing a newly constructed duplex in Crick and my solicitor is informing me that she is duty bound to the lender to disclose incentives from the builder. I am on a tight deadline to exchange and I don't want to prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can I use your services to find a Conveyancing solicitor in Crick even where I’m not buying or disposing of a house, for instance where I intend to acquire a shop in Crick with a loan from Platform Home Loans Ltd?
The service is primarily utilised to select residential conveyancing solicitors in Crick but we have set out towards the bottom of this page a selection of Crick commercial conveyancing firms. You should make contact with the company directly to see if they are also authorised to represent Platform Home Loans Ltd
My uncle informed me that in buying a property in Crick there may be various restrictions preventing external changes to a property. Is this right?
There are a number of properties in Crick which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Crick should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am buying a property in Crick. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Principality be concerned?
Given that you are obtaining a mortgage with Principality your lawyer must comply with the formal requirements contained in Section two of UK Finance Lenders’ Handbook for Principality. The CML Handbook sets out minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Principality where a lease does not meet these specifications. The specifications relate to the installation of panels on properties in England and Wales and is not isolated to Crick.
I have paid off my mortgage with TSB. I assume I don't need a Crick 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
2 months have gone by since my purchase conveyancing in Crick concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
My husband and I are novice buyers - had an offer accepted, yet the estate agent told us that the owners will only issue a contract if we instruct the agent's preferred lawyers as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a high street conveyancer accustomed to conveyancing in Crick
It is improbable the sellers are driving this. Should the vendor want ‘a quick sale', turning down a genuine purchaser is counter productive. Speak to the vendors direct and explain that (a)you are genuine buyers (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to appoint your preferred Crick conveyancing firm - not the ones that will earn their estate agent a commission or achieve conveyancing targets set by corporate headquarters.