I am hoping to receive a mortgage with Santander. My intention is to employ the services of a Licensed Conveyancer in Great Baddow. Does the Santander Solicitor panel allow for conveyancers regulated by the CLC?
The Santander conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Can you explain why leasehold purchase conveyancing in Great Baddow is more expensive?
In summary, leasehold conveyancing in Great Baddow and elsewhere usually involve additional work compared to freehold transactions. This includes checking the lease terms, communicating with the landlord concerning the service of applicable notices, securing up-to-date service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first granted.
We hope to to buy with Norwich and Peterborough Building Society. We have called around locally but am struggling to find a Great Baddow conveyancing firm on the Norwich and Peterborough Building Society approved list. Could you help?
Feel free to make use of the find a lender approved solicitor tool on this site. Pick the building society and type Great Baddow or your location and you will discover numerous solicitors based in Great Baddow or near you.
My wife and I purchased a terraced Georgian house in Great Baddow. Conveyancing practitioner acted for me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You need to read 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Great Baddow and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing lawyer who conducted the purchase.
I am purchasing my first flat in Great Baddow benefiting from help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not reveal to my conveyancer about this side-deal as it may jeopardize my mortgage with the bank. 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.