I am obtaining a mortgage offer from Santander. I hope to employ the services of a Licensed Conveyancer in Leagrave and Chalton. Does the Santander Solicitor panel include Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Can the conveyancing solicitors identified via your search tool handle right to buy conveyancing in Leagrave and Chalton?
We work with plenty of conveyancing specialists who can service right to buy conveyancing work Do get in touch with us to secure a costs illustration.
Should lawyers request an advanced payment for conveyancing in Leagrave and Chalton?
If you are buying a property in Leagrave and Chalton your lawyer will request that you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is payable against the sale price then this will be required immediately prior to exchange of contracts. The final balance that is needed should be transferred shortly before completion.
Should my conveyancer be making enquiries regarding flooding as part of the conveyancing in Leagrave and Chalton.
The risk of flooding is if increasing concern for lawyers conducting conveyancing in Leagrave and Chalton. Some people will buy a house in Leagrave and Chalton, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Solicitors are not best placed to impart advice on flood risk, but there are a number of checks that may be carried out by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Leagrave and Chalton. The standard completed inquiry forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the vendor to determine if the premises has suffered from flooding. If flooding has previously occurred which is not notified by the owner, then a purchaser could commence a legal claim for losses stemming from an incorrect response. The buyer’s solicitors will also order an environmental search. This should indicate whether there is a recorded flood risk. If so, more detailed inquiries will need to be initiated.
I am purchasing my first flat in Leagrave and Chalton with a loan from Norwich and Peterborough Building Society. The builders would not reduce the amount so I negotiated £7000 of extras instead. The house builders rep told me not to tell my conveyancer about this side-deal as it could affect my loan with Norwich and Peterborough Building Society. 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.