We are hoping to buy a newbuild apartment in Finchley with a homeloan from Platform Home Loans Ltd.We would like to retain our Finchley conveyancing practitioner but Platform Home Loans Ltd advised that she’s not on their approved list of member firms. we are left little option but to use a Platform Home Loans Ltd panel solicitor or retain our high street solicitor and fork out for a Platform Home Loans Ltd panel lawyer to act for them. This seems very unfair; is there anything we can do?
No, not really. The loan offered to you is subject to its terms and conditions, one of which will be that conveyancers will be on the Platform Home Loans Ltd solicitor panel. Until recently, most mortgage companies had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for Platform Home Loans Ltd
What will a local search reveal regarding the house my wife and I buying in Finchley?
Finchley conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for example Searches UK The local search is essential in every Finchley conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search should reveal information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
I am buying a new build house in Finchley with the aid of help to buy. The sellers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not inform my solicitor about this side-deal as it would impact my mortgage with the bank. Do I keep my lawyer in the dark?.
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 opted to have a survey completed on a house in Finchley before appointing solicitors. I have been advised that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies tend not give a loan on such a premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Finchley. Conveyancing will be smoother if you use a solicitor in Finchley especially if they are accustomed to such properties in Finchley.
Is it simple use the search facility to select a conveyancing practitioner in Finchley on the panel for my lender?
First pick a lender such as Santander, Barnsley Building Society or Barclays Direct then choose your location a common one being Finchley. Conveyancing firms in Finchley and nationally should be shown.