My brother-in-law has suggested I instruct a conveyancing solicitor in Hollywood. I I am struggling to find out if they are on the Nationwide Building Society approved list of lawyers. Could you or the lender confirm if they are on the panel?
You should contact your solicitor and ask them if they are on the lender panel. Otherwise you can get in touch with Nationwide Building Society who may be able to assist.
A friend informed me that in buying a property in Hollywood there may be various restrictions preventing external changes to a property. Is this right?
There are a number of properties in Hollywood which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Hollywood should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to mortgage companies such as Leeds Building Society, do Hollywood conveyancers face an annual charge to be on the conveyancing panel?
We are unaware of any mortgage company fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Completion of my remortgage has taken place for my property in Hollywood. Conveyancing was satisfactory but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are sorted out very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Various web forums that I have come across warn that are the main cause of obstruction in Hollywood conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays during the legal transfer of property. Local searches are unlikely to feature in any holding up conveyancing in Hollywood.
I am buying a new build house in Hollywood benefiting from help to buy. The sellers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not reveal to my lawyer about the deal as it will adversely affect my mortgage with Virgin Money. 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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Hollywood is where the house is located. Can you shed any light on this issue?
Flying freeholds in Hollywood are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hollywood you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hollywood may decide 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.