I can't travel far from Crowborough. Is there a reason why all Crowborough property lawyers aren't automatically on all mortgage company panels?
Banks normally restrict either the type or the number of conveyancing firms on their approved list of lawyers. A common example of such restriction(s) being that the practice is required to have two or more partners. In addition to restricting the nature of firm, some building societies decided to limit the size of their panel they use to act for them. It is worth noting that lenders have no accountability for the standard of service provided by any Crowborough conveyancing practitioner on their panel. Mortgage fraud was the main trigger for the culling of solicitor panels from 2008 notwithstanding that there are differing assessments about the extent of solicitor involvement in some of that fraud. Data from HMLR reveal that thousands of law firms only transact less than three conveyances a year. Those advocating conveyancing panel pruning question why conveyancing firms should have any entitlement to be on a conveyancing panel when clearly conveyancing is not their speciality?
Do the conveyancing solicitors that you recommend execute conveyancing in Crowborough by way of an attended exchange?
We do have a number of conveyancing experts who can conduct 24hr exchanges. Do e-mail us to secure a conveyancing quote and details as to availability.
I am buying my first flat in Crowborough benefiting from help to buy. The developers refused to budge the amount so I negotiated 6k of extras instead. The estate agent told me not to tell my lawyer about the deal as it will affect my loan with the bank. Is this normal?.
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 leasehold apartment up to £245,000 and found one close by in Crowborough I like with open areas and station nearby, the downside is that it only has 52 years on the lease. There is not much else in Crowborough in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan that many years may be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
Is it possible to swap conveyancer as I need to select one who is on the Chelsea Building Society conveyancing panel. I hired a family conveyancing solicitor in Crowborough round the corner but the firm is not accepted by Chelsea Building Society
We will our best to assist in finding you a conveyancing solicitor in Crowborough on the Chelsea Building Society panel. Please note that the property lawyers that we on the directory do not pay us commission if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in Crowborough. In making use of search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Crowborough.