I am considering applying for a Leeds Building Society mortgage for purchase of a new build (under development) in Penylan with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Leeds Building Society ?
There is nothing to stop you using your solicitor, but Leeds Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I purchased a semi-detached Edwardian house in Penylan. Conveyancing practitioner represented me and Barclays Direct. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Penylan and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing solicitor who conducted the purchase.
I am buying a new build house in Penylan with a mortgage from Barclays Direct. The builders would not move on the price so I negotiated £7000 of additionals instead. The house builders rep suggested that I not disclose to my conveyancer about this extras as it could affect my loan with the bank. Do I keep my lawyer in the dark?.
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 do I search for a Penylan law firm on the Santander conveyancing panel? I have a car and am happy to travel upto 25kilometers to meet the lawyer.
Feel free to make use of the facility on this website. Please choose the mortgage company and your location and you will see a number of Penylan conveyancing lawyers located nearest you. We have listed some Penylan conveyancing firms at the bottom of this page and you can telephone them to check if they are on the Santander approved list
Can a conveyancer remove a person from the title of my home in Penylan ?
Extracting or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a conveyancing practitioner to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a solicitor