We wanted to use a property lawyer in Radford for our home move. Our financial adviser has since notified us that our mortgage company Clydesdale won't deal with them. Surely this is unduly restrictive?
Mortgage Companies normally restrict either the category or the amount of conveyancing solicitors on their approved list of lawyers. Typical examples of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have reduced the amount of firms they allow to represent them. Be aware that Clydesdale have no responsibility for the quality of advice provided by any member of Clydesdale Conveyancer Panel. Mortgage fraud was a key driver in the reduction of solicitor panels since 2008 even though there are differing opinions regarding the level of solicitor engagement in some of that fraud. Figures from the Land Registry indicate that hundreds of law firms, including some in or near Radford only conduct very few conveyances per annum.
Various web forums that I have visited warn that are the primary cause of hinderance in Radford conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Radford.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The conveyancers who dealt with the conveyancing in Radford 5 years ago are no longer around. What are my next steps?
Assuming you have a registered title the information relating to your proprietorship will be documented by HMLR under a Title Number. It is possible to perform a search at the Land Registry, identify your property and secure up to date copies of the property title for less than a fiver. Where the property is Leasehold then the Land Registry will in most cases hold a file duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
I'm purchasing my first flat in Radford with the aid of help to buy. The developers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not to tell my solicitor about this side-deal as it would impact my loan with the bank. 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.
My uncle has urged me to use his conveyancing solicitors in Radford. Should I use them?
No doubt the ideal way to select a conveyancing practitioner is to have referrals from friends or family who have previously instructed the solicitor that you are considering.