Please help. My King's Cross solicitor is informing me me that he has toconduct King's Cross conveyancing searches asthe firm are on the Lloydssolicitor panel. Is this really necessary?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a bank your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the Council of Mortgage Lenders’ Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out King's Cross conveyancing searches.
We are planning to buy with Coventry BS. We have called around locally but am struggling to find a King's Cross conveyancing firm on the Coventry BS approved list. Please you assist?
Feel free to take advantage of the find a conveyancing panel solicitor tool on this web page. Pick the mortgage company and type King's Cross or your location and you will see numerous conveyancers based in King's Cross or by proximity to you.
Two weeks ago we had a mortgage agreed in principle with Nationwide. King's Cross conveyancing solicitors have been instructed. How long does it take for Nationwide to issue the offer to the conveyancer?
Some lenders take longer than others. Have Nationwide conducted the valuation? Have you advised Nationwide as to your lawyers' details and checked that your lawyers are on the Nationwide conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Completion of my remortgage has taken place for my property in King's Cross. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. We understand that 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.
Planning on purchasing a house in King's Cross. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the King's Cross conveyancing practitioner is on the Coventry BS conveyancing panel.
I'm buying a new build house in King's Cross with the aid of help to buy. The sellers would not move on the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not to tell my lawyer about this extras as it could affect my mortgage with the bank. 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.
There are a number of properties in King's Cross on private roads. My husband and I are acquiring such a house. Are there any advantages to buying a house on a private road?
King's Cross conveyancing practices will be well versed in transacting homeson private. The property lawyer should investigate Land Registry data to find any rights or responsibilities. It is possible that there is a residents association that residents pay into to maintain the road. Where there is one, the road should be maintained and look nicer than council maintained.