I was informed yesterday by my financial adviser that my Driffield property lawyer is not on the bank Conveyancing panel. What can I do to check?
The sensible course of action for you to take is to contact your Driffield conveyancer. You lawyer should advise you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Driffield so that I can attend their offices when needed.
These days conveyancing panel lawyers for lenders carry out their communications through the post, internet or over phone calls. This enables them to carry out the conveyancing transaction regardless of where you live in the country. However you should see if you can still book an appointment to visit conveyancing lawyer if needed.
I own a 4 bedroom Victorian house in Driffield. Conveyancing lawyer represented me and Bank of Scotland. I did a free Land Registry search last week and there are two entries: one for freehold, the second leasehold under the exact same address. Is it worth asking Bank of Scotland to clarify?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Driffield and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the situation with your conveyancing lawyer who completed the work.
I am buying a new build house in Driffield with a loan from Norwich and Peterborough Building Society. The sellers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not reveal to my lawyer about this deal as it may adversely affect my mortgage with the lender. 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.
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At this site get a fixed fee quote via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Driffield. As opposed to estate agents and many comparison sites we do not have referral arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors who pay the highest per referral, not the best value conveyancing in Driffield