Much to our surprise we have been informed by our broker that my Ivybridge property lawyer is not on the bank Conveyancing panel. How can I be sure whether this is correct?
The first thing you need to do is to contact your Ivybridge conveyancer. You lawyer should inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
If you had a top tip for choosing a conveyancing solicitor in Ivybridge what would it be?
It would be unwise to be seduced by the cheapest Ivybridge conveyancing fees. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
It is unclear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Ivybridge bank branch on various occasions and was advised it wasn't an issue and they will lend. My Ivybridge conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend in accordance with their specific requirements. Who do I believe?
The conveyancing practitioner has to follow the CML Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I had an offer accepted on a house in Ivybridge on 22/2/2019, valuation was booked 2 days after, all came back fine. Solicitor retained, so all that was missing was my mortgage offer. Having made daily calls to Skipton and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Skipton conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Skipton to deal with your lawyer's application to be on the Skipton conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am buying my first flat in Ivybridge with a loan from Halifax. The developers refused to move on the amount so I negotiated £7000 of extras instead. The sale representative told me not inform my solicitor about the side-deal as it could jeopardize my mortgage with the lender. 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.
I'm refinancing my primary house to a buy to let loan with Barclays and I will use the ballance of the raised equity towards further house. The location we are interested in is Ivybridge. Will your lawyers be able to act for the two lenders and tie in the transactions?
Do use our search tool on this site to ensure that the solicitors are approved by both banks. On the basis that they are the conveyancer should be able to connect the two conveyancing matters but you should have a chat with you lawyer and make apparent your expectations and requirements.
Are you able to clarify what my options are where my Ivybridge conveyancing searches shows detrimental entries?
On the whole, the majority of adverse entries arising from Ivybridge conveyancing search results can be addressed in advance of completion or title insurance can be taken. It is crucial to remember that regardless of the fact that you are buying the premises and may be content to accept the search results, your building society or bank may not, and when all said and done the decision rests with them.