My husband and I are intending to acquire a 3 bedroom flat in Parsons Green with a mortgage. We have a Parsons Green conveyancer, but the mortgage company advise he's not on their "panel". It appears that we have little option but to instruct one of the mortgage company panel firms or keep our Parsons Green lawyer and pay for one of their panel firms to act for them. This feels very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Parsons Green conveyancing solicitor to apply to be on the conveyancing panel.
I am helping my sister sell her house in Parsons Green. Will the conveyancer arrange an EPC or do I organise this?
Following the abolition of HIPs, energy performance certificates remained a mandatory component of moving property. An EPC should be to hand in advance of the property being placed on the market. It is not something that conveyancers normally arrange. If you are instructing a Parsons Green conveyancing solicitor they may be willing to arrange EPC’s given their relationships with reputable local energy assessors
Last month we had a mortgage agreed in principle with TSB. Parsons Green conveyancing solicitors were chosen. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB conducted the valuation? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have decided to exercise my right to buy my property in Parsons Green off the council. I have a mortgage offer with Barclays. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
I require expedited conveyancing in Parsons Green as I am under a deadline to complete within 2 weeks. A home loan is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are not obtaining a home loan you are at liberty not to have searches carried out although no solicitor would recommend that you don't. With plenty of history conveyancing in Parsons Green the following are instances of issues that can arise and adversely affect market value: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
I'm buying my first flat in Parsons Green with a loan from Barclays Direct. The builders refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not disclose to my lawyer about this extras as it could adversely affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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 previously advised by my bank that their panel lawyers work on no completion no charge basis for conveyancing in Parsons Green. I had a purchase fall through yet the lawyers want search fees! They say the fees are nothing to do with their fees!
Parsons Green conveyancing search charges are separate expenses not solicitors costs as these are paid to a third party.