I am in the process of selling my flat in Dersingham and the EA has just telephoned to say that the purchasers are changing their property lawyer. The excuse is that the bank will only deal with property lawyers on their approved list. Why would a leading mortgage company only work with certain lawyers rather the firm that they want to select for their conveyancing in Dersingham ?
Lenders have always had an approved set of law firms that can represent them, but in the last few years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Banks point to the increase in fraud by way of justification for the cull – criteria have been stiffened as a smaller panel is easier to oversee. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are unlikely to have any impact on this.
It has been five months following my purchase conveyancing in Dersingham took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. 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 residence 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.
I am purchasing a new build house in Dersingham with the aid of help to buy. The sellers refused to budge the amount so I negotiated 6k of additionals instead. The sale representative suggested that I not disclose to my conveyancer about this deal as it would put at risk my mortgage with The Royal Bank of Scotland. 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.
I am selling my property. My past conveyancers has retired. I am in need of a recommendation of a conveyancing firm. Im based in Dersingham if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Dersingham. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
My brother has encouraged me to appoint his conveyancers in Dersingham. Do I take his advice?
There are no two ways about it it’s preferable to find a conveyancing lawyer is to seek referrals from friends or family who have experience in using the conveyancer that you are are thinking of instructing.