I plan on acquiring a flat in Macclesfield. My Solicitor has never been on on the mortgage company solicitor panel. Am I still permitted to continue with my Macclesfield conveyancing solicitor even though they are not on the mortgage company panel of approved conveyancing solicitors?
You have a couple of options available to you here
- Complete the purchase with your preferred Macclesfield conveyancing practitioner but your bank will no doubt use a lawyer on their approved list. This will result in additional charges together with likely interruption.
- Choose a fresh property lawyer to act in the purchase, making sure they are on the lender conveyancing panel.
- Convince your lawyer to pull out all the stops to join the mortgage company conveyancing panel
Will my lawyer be making enquiries regarding flooding during the conveyancing in Macclesfield.
Flooding is a growing risk for solicitors carrying out conveyancing in Macclesfield. Plenty of people will purchase a property in Macclesfield, fully expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, however there are a numerous checks that may be initiated by the buyer or on a buyer’s behalf which should give them a better appreciation of the risks in Macclesfield. The conventional set of information sent to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the owner to determine if the premises has suffered from flooding. If flooding has previously occurred which is not revealed by the seller, then a purchaser could commence a claim for damages resulting from an misleading reply. A purchaser’s solicitors will also carry out an environmental report. This should higlight whether there is a recorded flood risk. If so, further investigations should be made.
I am purchasing a new build house in Macclesfield with a mortgage from Godiva Mortgages Ltd. The builders refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not disclose to my lawyer about the extras as it would adversely affect my loan with Godiva Mortgages Ltd. Is this normal?.
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.
Hoping to buy a property located in Macclesfield and I am already nervous. I couldn't find anything specific about Macclesfield. Conveyancing will be needed in due course but do you know about the Macclesfield area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Macclesfield. In the meantime here are some basic statistics that we found
We are 3 weeks into a freehold purchase having been referred to conveyancers by the selling agent to handle our conveyancing in Macclesfield. I am not happy. Can you help me find new solicitors?
They would need to be really poor in order to consider changing them. Has your mortgage offer been issued? In the event that it has you will need to advise them of the replacement lawyer and get the offer are re-issued. The conveyancer needs to be on the mortgage company panel to avoid escalating charges and complications. That should be your starting point. The find a solicitor tool will assist you in finding a lender approved solicitor for your conveyancing in Macclesfield