It has come to my attention via my mortgage adviser that my Hazel Grove solicitor is not on the lender Conveyancing panel. What can I do to check?
Your first step should be to call your Hazel Grove conveyancer. It is reasonable to expect your lawyer to inform you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
I purchased a freehold house in Hazel Grove yet pay rent, why is this and what is this?
It’s unusual for properties in Hazel Grove and has limited impact for conveyancing in Hazel Grove but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
We are purchasing a 3 bedroom flat in Hazel Grove with a homeloan from Norwich and Peterborough Building Society.We have a Hazel Grove conveyancing practitioner but Norwich and Peterborough Building Society informed us his firm is not listed on their approved list of member firms. we are left little option but to use a Norwich and Peterborough Building Society panel solicitor or retain our high street solicitor and fork out for a Norwich and Peterborough Building Society panel lawyer to act for them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage offered to you is subject to its terms and conditions, a common one being that conveyancers must be on the Norwich and Peterborough Building Society approved list. Until recently, most banks had large numbers of law firms 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 Norwich and Peterborough Building Society
I'm purchasing my first flat in Hazel Grove with a mortgage from Leeds Building Society. The developers would not reduce the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not to tell my lawyer about the side-deal as it may impact my loan with the lender. Should I keep quiet?.
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 need to instruct a conveyancing solicitor for residential conveyancing in Hazel Grove. I have stumble across a site which looks to be the perfect answer If there is a chance to get all the legals done via email that would be ideal. Should I 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?