I had intended to instruct a property lawyer in Lynton for our house purchase. Our broker has since notified us that our bank Coventry Building Society won't deal with them. Surely this is unfair competition?
A lender will insist on a panel solicitor act for it. You would be expected to bear the charges for this. Do use our database to locate a solicitor to conduct conveyancing in Lynton on the Coventry Building Society approved list of solicitors.
My wife and I are close to exchanging contracts on the sale of our home in Lynton and according to the buyers it appears that there is a risk of it being built on contaminated land. Any high street Lynton lawyer would know that there is no such problem. For the life of me I don't know why the buyers instructed a factory type conveyancing outfit as opposed to a conveyancing solicitor in Lynton. Having lived in Lynton for three years we know that this is a non issue. Is it a good idea to contact our local Authority to obtain confirmation that there is no issue.
It sounds as though you may have a conveyancing lawyer already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I'm buying a new build house in Lynton with a mortgage from Barclays Direct. The sellers would not budge the price so I negotiated £7000 of extras instead. The property agent suggested that I not inform my solicitor about the side-deal as it could adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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 opted to have a survey done on a property in Lynton prior to appointing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor has said that some mortgage companies may not grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Lynton. Conveyancing may be slightly more expensive based on your lender's requirements.
I note that you have a post code search directory identifying solicitors on the bank conveyancing panel. Do Lynton conveyancing companies pay you a commission if I appoint them for my conveyancing?
We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Lynton.