we are a couple who intend to purchase a purpose built flat in Shenley with a homeloan from Lloyds TSB Bank.We use our Shenley conveyancing lawyer but Lloyds TSB Bank says his firm is not listed on their "panel". It seems we are left with little choice but to instruct a Lloyds TSB Bank panel lawyer or retain our local solicitor and pay for a Lloyds TSB Bank panel lawyer to represent them. We feel as though this is unjust; Can we not simply insist that Lloyds TSB Bank use our lawyer?
No, not really. The loan issued to you contains various provisions, a common one being that solicitors will be on the Lloyds TSB Bank approved list. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could find 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 lawyer to apply to be on the conveyancing panel for Lloyds TSB Bank
I used Wolstenholmes a few years ago for my conveyancing in Shenley. I now require my papers however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Shenley of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am buying my first flat in Shenley with a mortgage from Barclays . The developers refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not disclose to my lawyer about the deal as it could affect my loan with the lender. 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've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Shenley is the location of the property. Can you shed any light on this issue?
Flying freeholds in Shenley are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Shenley you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shenley may determine 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.
I am looking into buying my first house which is in Shenley and I am already nervous. I couldn't find anything specific about Shenley. Conveyancing will be needed in due course but do you know about the Shenley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Shenley. In the meantime here are some basic statistics that we found