I am selling my home in Essex. Does my lawyer have to be required to be on the Kent Reliance conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Kent Reliance conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.
I happen to be the only beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Essex. Conveyancing formalities meant that the Land Registry date was in November. I want to move. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship could be treated the same way as though I had purchased the property in November. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this requirement is principally there to identify subsales or the flipping of property.
We are getting the release of further monies on our home loan from Lloyds as we wish to carry out improvements to our home in Essex. Do we need to choose a high street Essex solicitor on the Lloyds conveyancing panel to deal with the paperwork?
Lloyds don't usually appoint a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds list.
Completion of my remortgage has taken place for my property in Essex. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. In most cases complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I'm buying a new build house in Essex with the aid of help to buy. The developers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not to tell my solicitor about this side-deal as it will jeopardize my loan with Barclays Direct. 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.
I am looking to sell my property. My former conveyancers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Essex if that makes things easier.
Please use our search tool to help you find a solicitor for your conveyancing in Essex. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
My fiance and I yesterday discovered that one of the directors of the solicitors handling the purchase conveyancing in Essex is an uncle of the vendor. Is this acceptable?
On the basis that there is no conflict of interest this should be fine. Where you are needing mortgage finance then the bank may have a say as many banks have specific requirements concerning this. For example for RBS (One Account) as of 9/12/2018, the requirements read as follows :