My fiance and I are looking to purchase a flat in Milton and are in fact using a Milton conveyancing practice. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through with a view to exchanging next week. Norwich and Peterborough Building Society have this evening contacted us to inform me that they have now hit a problem as our Milton solicitor is not on their approved list of lawyers. What do we do from here?
When purchasing a property with mortgage finance it is standard for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your lender and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on the bank's conveyancing panel and you may continue to use your own Milton solicitors, in which case your legal fees may increase, and it may delay matters as you are adding another lawyer into the mix.
Can your site be used to locate a Conveyancing solicitor in Milton even if I’m not purchasing or selling a house, for example if I intend to acquire a shop in Milton with a loan from Halifax?
Our comparison service is mainly utilised to get a quote from domestic conveyancing solicitors in Milton but we have set out towards the bottom of this page a few Milton commercial conveyancing firms. You will need to make contact with the company directly to check if they can also act for Halifax
I'm buying my first flat in Milton with the aid of help to buy. The builders refused to move on the amount so I negotiated £7000 of additionals instead. The house builders rep told me not disclose to my lawyer about the side-deal as it may impact my loan with the lender. 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.
How does the Landlord & Tenant Act 1954 impact my business offices in Milton and how can you help?
The 1954 Act affords protection to business tenants, giving them the dueness to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Milton
My husband and I are first time buyers - agreed a price, but the selling agent informed us that the seller will only move forward if we appoint their recommended solicitors as they want an ‘expedited deal’. Our preferred option is to instruct a high street solicitor who is familiar with conveyancing in Milton
It is highly unlikely the owners are driving this. If they require ‘a quick sale', turning down a motivated purchaser is going to damage their objectives. Contact the owners directly and explain that (a)you are keen to buy (b)you are ready to go, with finances arranged © you are chain free (d) you wish to move quickly (e)but you will continue to instruct your preferred Milton conveyancing firm - rather thanthose that will earn their negotiator at the agency a referral fee or meet his conveyancing thresholds set by head office.