My husband and I are buying a newly converted flat in Holmrook with a loan from Alliance & Leicester .We use our Holmrook conveyancing lawyer but Alliance & Leicester advised that she’s not listed on their "panel". It seems we have no choice but to instruct a Alliance & Leicester panel lawyer or keep our high street solicitor and fork out for a Alliance & Leicester panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you contains various provisions, a common one being that lawyers will be on the Alliance & Leicester approved list. in the past, most mortgage companies 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 Alliance & Leicester
My aunt advised me that in purchasing a property in Holmrook there could be various restrictions preventing external changes to the property. Is this right?
There are anumerous of properties in Holmrook which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Holmrook should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have a mortgage agreed in principle with Virgin Money. Holmrook conveyancing practitioners are chosen. What is the average time that one could expect to receive a mortgage offer from Virgin Money?
Some lenders take longer than others. Have Virgin Money done the survey? Have you advised Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am currently in the process of buying my council flat in Holmrook. I have a mortgage agreed with Nottingham. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Nottingham, you will need to appoint a solicitor on the Nottingham conveyancing panel.
My wife and I are planning on selling our house in Holmrook and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any local lawyer would know this is not the case. For the life of me I don't know why the buyers instructed a factory type conveyancing outfit rather than a conveyancing solicitor in Holmrook. Having lived in Holmrook for three years we know that this is a non issue. Do we contact our local Authority to seek clarification need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am buying a new build house in Holmrook with the aid of help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not to tell my solicitor about the deal as it may put at risk my mortgage with Barclays Direct. 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.
Are there any apps to help locate a Holmrook solicitor on the TSB conveyancing panel? I am a keen cyclist and am happy to travel upto 10kilometers to meet the solicitor.
You can use the facility on this website. Please choose the lender and your location and you will see a number of Holmrook conveyancing lawyers based on proximity. We have listed some Holmrook conveyancing firms towards the end of this page and you can ring them to check whether they are on the TSB panel