I am not well enough to travel far from Knighton. Is there a reason why all Knighton solicitors aren't included on all lender panels?
Even though it may seem unfair for mortgage companies to limit who can represent them, from the public’s or lawyer’s standpoint, the flip side is that lenders are becoming ever more anxious and regard it imperative to defend themselves against mortgage fraud. As a result of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
My wife and I are getting closer to an exchange on a flat in Knighton and my mum and dad have transferred the 10% deposit to my solicitor. I am now advised that as the deposit has not arrived from me my conveyancer needs to make a notification to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The conveyancing practitioner is obliged to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Can your site be used to locate a Conveyancing solicitor in Knighton even where I’m not buying or disposing of a house, for example where I want to buy an office in Knighton with a mortgage from Norwich and Peterborough Building Society?
Our comparison service is predominantly there to find domestic conveyancing solicitors in Knighton but we have listed at the bottom of this page a selection of Knighton commercial conveyancing firms. You should make contact with the solicitors directly to establish if they can also act for Norwich and Peterborough Building Society
I am purchasing a house and the solicitor has identified Chancel Repair for which the house may be obligated to pay because it falls into the area of such a church. She has suggested insurance. Is this really necessary for conveyancing in Knighton
Unless a previous purchase of the house completed post 12 October 2013 you can assume that lawyers carrying out conveyancing in Knighton to continue to recommend a chancel search and or insurance against a claim.
I am buying a new build house in Knighton with the aid of help to buy. The developers would not budge the amount so I negotiated £7000 of extras instead. The house builders rep told me not disclose to my lawyer about the side-deal as it could put at risk my loan with Barclays . Do I keep my lawyer in the dark?.
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.