We are buying a new build duplex in Great Linford and my lawyer is advising me that she is duty bound to the lender to reveal incentives from the developer. I am under pressure to exchange and I would rather not delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My Conveyancer in Great Linford is not on the Halifax Conveyancing Panel. Can I still use my family solicitor notwithstanding that they are excluded from the Halifax approved list?
Your options are as follows:
- Complete the purchase with your preferred Great Linford solicitors but Halifax will need to retain a conveyancer on their panel. This will inevitably rack up the total legal fees as well as result in delays.
- Choose an alternative lawyer to act in the purchase, not forgetting to check they are Convince your conveyancer to use their best endeavours to join the Halifax conveyancing panel
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what was supposed to be a quick, no chain conveyancing. Great Linford is the location of the property. Is there any guidance you can impart?
Flying freeholds in Great Linford are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Great Linford you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Great Linford may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Taking into account that I will soon spend 450k on 3 bedroom house in Great Linford I wish to talk to a lawyer about myconveyancing prior to giving the go ahead to the firm. Is this something that you can arrange?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you liaising with the lawyer who will be conducting your property ownership legalities in Great Linford.There is no ‘factory style conveyancing’ - every client is an important person, not a matter reference. The solicitors that we put you in touch with believe that the figure you are quoted for residential conveyancing in Great Linford should be the figure that you end up paying.
I need to appoint a conveyancing solicitor for purchase conveyancing in Great Linford. I happened to discover a web site which looks to be the ideal offering If it is possible to get all this stuff done via web that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?