Is the fact that my solicitor in Penryn is not listed on my bank's solicitor panel that there is a problem with the quality of his work?
That is most likely an incorrect assumption to make. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Penryn conveyancing practice and ask them why they are no longer on the approved list for your bank.
Do the conveyancing solicitors identified through your search tool handle auction conveyancing in Penryn?
There are a few niche lawyers we can put you in touch with those who can conduct auction conveyancing. Penryn is one of hundreds of areas of where our lawyers are based.
We are buying a flat and require a conveyancing solicitor in Penryn who is on the Aldermore solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Aldermore . We don't recommend any particular firms conducting conveyancing in Penryn.
I'm buying my first flat in Penryn benefiting from help to buy. The builders refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The property agent told me not to tell my conveyancer about the side-deal as it would jeopardize my mortgage with Accord Mortgages Ltd. 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.
I decided to have a survey completed on a house in Penryn in advance of appointing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some lenders may refuse to grant a mortgage on such a home.
It depends who your proposed lender is. Santander has different instructions from Nationwide. If you contact us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Penryn. Conveyancing may be slightly more expensive based on your lender's requirements.