I have just been advised by my mortgage adviser that my Old Swan the law firm I have appointed is not on the mortgage company Solicitor panel. How can I be certain if this is indeed the case?
The best course of action for you to take is to contact your Old Swan conveyancer. You lawyer should inform you of the situation. If they are not on the panel they may be able to suggest a Old Swan conveyancing practice that is on the conveyancing panel for your mortgage company.
We are a couple about to sign contracts for a semi detached house in Old Swan. We encountered a problem. The loan offer with Bank of Ireland runs out on 19/9/2019 but the vendors are insisting on a completion date of 23/9/2019. Is it possible to extend the loan offer?
The best person to address this issue is your conveyancer who should assess if he or she is should be discussing with the mortgage company, owner’s lawyers, selling agents or indeed all parties given the history of your conveyancing as of today.
I am selling our home in Old Swan and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any local lawyer would know this is not the case. It does beg the question why the purchasers are using a national conveyancing firm as opposed to a conveyancing solicitor in Old Swan. Having lived in Old Swan for six years we know of no issue. Should we contact our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You need to enquire of 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)
Are there restrictive covenants that are commonly identified as part of conveyancing in Old Swan?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Old Swan. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying my first flat in Old Swan with a loan from Leeds Building Society. The builders refused to move on the price so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not to tell my lawyer about this extras as it will affect my mortgage with the bank. 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.