Is there a list of Aldermore panel solicitors in Putney on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the CML or Building Society Association sites. Very few mortgage companies make their panel listings visible online. Where you are seeking to appoint a Putney conveyancer on the Aldermore please make the most of our tool.
I am expecting a OIP from Principality this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Principality recommend any Putney solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Putney solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
I recently had an offer agreed on an apartment in Putney. My financial adviser pressured me to appoint their property lawyer. I paid an upfront payment of £200. Soon after, the conveyancer called me to say that they were not on the Santander conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Santander panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I'm purchasing my first flat in Putney with a mortgage from Halifax. The sellers refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not to tell my solicitor about this extras as it may put at risk my mortgage with Halifax. Is this normal?.
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've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Putney is the location of the property. Can you offer any guidance?
Flying freeholds in Putney are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Putney you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Putney 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 residence.
Hoping to buy a property located in Putney and I am already nervous. I couldn't find anything specific about Putney. Conveyancing will be needed in due course but do you know about the Putney area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Putney. In the meantime here are some basic statistics that we found
Me and my fiance are soon to exchange on the purchase a house in Putney but as a consequence of wreckage from the recent storms I have agreed recompense from the current proprietors of five thousand pounds by way of a reduction in the price. This was going to be addressed as part of the conveyancing process yet the lender will not agree to this. Why were they notified?
Your conveyancing practitioner listed on the mortgage company conveyancing panel is obliged to advise the mortgage company of any amendments to the sale figure. In the event that you were to refuse your property lawyer to notify the reduction to your mortgage company then they would have no choice but to discontinue representing you and the lender.