I am expecting a mortgage with Halifax. I hope to use a Licensed Conveyancer in Oldbury. Does the Halifax Conveyancing panel include conveyancers regulated by the CLC?
The Halifax conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I have justbeen informed that Action Conveyancing have closed. They carried out my conveyancing in Oldbury for a purchase of a leasehold flat 10 months ago. How can I check that the property is registered correctly in the name of the previous owner?
The quickest method to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Oldbury conveyancing specialists.
I am buying my first flat in Oldbury benefiting from help to buy. The sellers would not move on the amount so I negotiated £7000 of extras instead. The sale representative advised me not reveal to my lawyer about this deal as it will impact my loan with Birmingham Midshires. 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Oldbury is where the house is located. Is there any advice you can give?
Flying freeholds in Oldbury are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Oldbury you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Oldbury may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My husband and I are 14 days into a residential purchase having been directed to a firm by the selling agent to execute conveyancing in Oldbury. I am not happy. Could you help me find new conveyancers?
They would need to be very bad in order to consider diss instructing them. Has your loan offer been sent? In the event that it has you must make them aware of the replacement lawyer and get the offer are issued to the new lawyers. Your solicitor ideally should be on the mortgage company panel to avoid added costs and complications. That should be your first question of the new solicitors. Our find a solicitor tool should assist you in finding a lender approved solicitor for your conveyancing in Oldbury