My partner and I are intent on purchasing a ground floor flat in Manchester. My Solicitor is not listed on the lender approved list. Can I still use my Manchester conveyancing solicitor even though they are excluded from the mortgage company panel?
Various options include
- Carry on with your chosen Manchester conveyancing practitioner but your mortgage company will no doubt instruct a property lawyer from their approved list. The net result is additional fees together with likely interruption.
- Choose a fresh lawyer to conduct the conveyancing, ensuring that they are on the bank conveyancing panel.
- Convince your conveyancer to attempt to join the mortgage company panel
I am purchasing my first flat in Manchester benefiting from help to buy. The builders would not reduce the price so I negotiated £7000 of additionals instead. The property agent advised me not inform my conveyancer about this side-deal as it will impact my loan 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.
I am looking for a ground for flat up to £305k and identified one close by in Manchester I like with amenity areas and transport links in the vicinity, however it's only got 51 remaining years left on the lease. I can't really find anything else in Manchester for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will likely be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
How do I search for a Manchester law firm on the Platform Home Loans Ltd conveyancing panel? I have wheels and am happy to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the tool on this page. Please choose the lender and your location and you will see a number of Manchester conveyancing lawyers locally. We have detailed some Manchester conveyancing firms towards the end of this page and you can call them to see if they are on the Platform Home Loans Ltd approved list
My brother has urged me to use his conveyancing solicitors in Manchester. Should I find my own solicitor?
Much as we are happy to recommend a Manchester conveyancing lawyer the best way to select a conveyancing practitioner is to seek feedback from friends or family who have experience in using the firm you're contemplating using.