We note that you have a search directory listing law firms on the Virgin Money conveyancing panel. Do firms pay you a commission if I instruct them for our own conveyancing in Maryport?

We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Maryport.

I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Maryport. My lender is Virgin

Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 14/7/2024, the requirements read as follows :

My wife and I are buying a property in Maryport. I might seem paranoid but how we can trust a lawyer? At some point we will need to put funds into their account. What protection do we have from them run away with our money?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Maryport solicitor on the Virgin Money panel to discharge the mortgage at the Land Registry. Am I right?

If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:

1. but are not moving to another property
2. where Virgin Money has sent the Land Registry the discharge electronically, and
3. Virgin Money has instructed the Land Registry to do so

After weeks of negotiation I have agreed a price on an apartment in Maryport. My mortgage broker recommended their conveyancers. I paid an advanced payment of £175. A couple of days later, the solicitor called me sheepishly admitting that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?

You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.

I'm buying my first flat in Maryport benefiting from help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not inform my conveyancer about the side-deal as it could put at risk my loan with Yorkshire Building Society. Should I keep quiet?.

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.

Estate agents have just been given the go-ahead to market my garden apartment in Maryport. Conveyancing is yet to be initiated, but I have just received a yearly service charge invoice – Do I pay up?

The sensible thing to do is pay the maintenance contribution as usual because all rents and maintenance invoices should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.

Maryport Leasehold Conveyancing - A selection of Questions you should consider Prior to buying

Is the freehold owned jointly by the leaseholders? Are any of leasehold owners in arrears of their service charge liability? What is the the remaining lease term?