My wife and I are buying a newly built flat in Ingleby Barwick and my lawyer is advising me that she has to the lender to disclose incentives from the seller. I am on a tight deadline to sign contracts and I have no desire to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have been recommended a conveyancing solicitor in Ingleby Barwick. I I am struggling to find out whether they are accepted on the Aldermore conveyancing panel. Could you assist?
The first thing you should do is e-mail your lawyer and ask them whether they can act for the lender. Alternatively please call Aldermore who may be able to help.
We are aiming to move home in July. Will my conveyancing solicitor liaise with the removal company on the completion day. As an aside, can you put forward a removal company in Ingleby Barwick. Conveyancing solicitor was organised prior to coming across your site.
On the afternoon of completion you can collect the keys from your selling agent but this can only happen after the vendors lawyers inform the agent that the monies to complete are in and the keys can be released. After that you should advise the removal men that they can start moving you in. As a matter of policy we do not recommend a specific removal company but can help you choose a conveyancing in Ingleby Barwick or a legal practice with expertise in conveyancing in Ingleby Barwick.
is it true that all Ingleby Barwick conveyancing solicitors on the Coventry BS conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Coventry BS approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel in which case such firms would be overseen by the Council of Licensed Conveyancers.
TSB have agreed my home loan in principle, my offer on a property in Ingleby Barwick has been agreed to, now what?
Your estate agent will wish to know who your solicitors are (ensure that the conveyancers are on the lender’s panel). Telephone TSB or the broker and complete any relevant forms. TSB will instruct a valuer who will get in contact with the selling agent or owners to book a slot for the valuation to occur. Once conducted (assuming no problems) it takes about ten days to get a mortgage offer. TSB will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Ingleby Barwick.
3 months have gone by following my purchase conveyancing in Ingleby Barwick concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a property in Ingleby Barwick prior to instructing conveyancers. I have been told that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies tend not give a loan on a flying freehold home.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Ingleby Barwick. Conveyancing may be slightly more expensive based on your lender's requirements.