Me and my fiance are acquiring a maisonette in Frampton Cotterell. My property lawyer has never been on on the bank approved list. Is it possible for me to appoint my Frampton Cotterell conveyancing solicitor notwithstanding that they are excluded from the bank approved list?
You must instruct a lawyer to complete the formalities when you take out a mortgage to purchase your property. The solicitor will conduct all the essential investigations on the property, make sure that you will be registered as proprietor and ensure that all the necessary mortgage paperwork is dealt with. One could appoint a Frampton Cotterell solicitor of your choice. Nevertheless, where the lawyer selected is not a member of the bank conveyancing panel additional fees will be incurred as separate legal representation will be required by them. Lender panel applications can be submitted, so where your conveyancer has not previously sought membership they should take the chance to apply.
We are about to sign contracts for a ground floor flat in Frampton Cotterell. We have hit a problem. The loan offer with Britannia runs out on 17/4/2019 but the owners are insisting on a completion date of 23/4/2019. Is it possible to prolong the mortgage expiry date?
The person best placed to deal with your issue is your solicitors who should determine whether they better off negotiating with the mortgage company, vendor’s lawyers, property agents or possibly all parties given the circumstances your house move to date.
My Solicitor in Frampton Cotterell is not listed on the Barclays Approved Panel. Can I still use my family solicitor notwithstanding that they are not on the Barclays list of approved lawyers?
Your options are as follows:
- Carry on with your existing Frampton Cotterell solicitors but Barclays will need to retain a solicitor on their panel. This will result in additional total conveyancing charges and cause frustration.
- Get a new practitioner to act in the purchase, obviously checking they are Barclays approved.
- Try to convince your Barclays solicitor to attempt to join the Barclays panel
I am purchasing my first flat in Frampton Cotterell benefiting from help to buy. The developers refused to move on the amount so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my conveyancer about this side-deal as it could affect my loan 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.
Should I be suspicious about estate agents that I am dealing with are recommending a nationwide conveyancing firm as opposed to a local Frampton Cotterell conveyancing company?
As with many service providers, often recommendations from family and friends can be extremely useful or valuable. But there are many people with a keen interest in a conveyancing matter; estate agents, mortgage brokers and mortgage companies might all suggest lawyers to use. On occasion the solicitors might be known to one of the organisations as one of the best in their field, but sometimes there is an underlying commercial relationship behind the recommendation. You have the discretion to choose your preferred lawyer. Don't forget that most mortgage providers operate an approved list of conveyancers you are obliged to use for the lender related work in your house move.