Having been told to check out your company we were about to use a conveyancing solicitor in Skipton endorsed on your site but stumbled across some other estimates via the web seem cheaper – why is this?
One can find plenty of solicitors marketing at first sight what seems to be cut price. We would urge you to think twice about how much you respect your own move to want to take 'cheap' risks concerning the quality of the conveyancing. Many of them accentuate a cheap quote to catch your eye but bury additional costs in the fine print..
My solicitor has discovered a a legal deficiency with the lease for the apartment we are purchasing in Skipton. The other side have suggested title insurance as a solution. We are content with insurance and will pay for it. Our lawyer says that he must check that the mortgage company is happy with this solution. Are we the client or is the lender?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the mortgage company are the client. These conveyancing instructions must be adhered to.
I'm purchasing my first flat in Skipton benefiting from help to buy. The builders refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about the side-deal as it may adversely 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Skipton ahead of instructing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks tend refuse to issue a mortgage on a flying freehold home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Skipton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Skipton to see if the conveyancing costs will increase in light of this.
I have been recommended a conveyancing solicitor in Skipton. I need to find out if they are listed on the lender's approved list of lawyers. Can you help?
It’s a good idea call your lawyer and ask them if they are on the lender's panel. If that does not help get in touch with us and we can investigate and revert. Should the firm not be on the lender panel we can certainly arrange a quality conveyancing solicitor in Skipton on the approved list for your mortgage company.