Me and my wife are acquiring an apartment in South Ruislip. My Conveyancer has never been on on the lender solicitor list. Am I still permitted to appoint my South Ruislip conveyancing solicitor even though they are excluded from the bank list of approved lawyers?
You must use a conveyancer to deal with the formalities when you need a mortgage to buy your home. They will conduct all the necessary legal checks on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage paperwork is in place. You can instruct a South Ruislip conveyancing practitioner of your choice. Nevertheless, where the conveyancing practitioner appointed is not on the mortgage company conveyancing panel additional costs will arise as separate legal representation will be need by the lender. Conveyancing panel applications may be submitted, so if your lawyer has not previously applied for membership they should take the chance to apply.
At what point does exchange of contracts occur in sale conveyancing in South Ruislip and am I required to attend the lawyers office?
If you are round the corner to one of the conveyancing solicitors in South Ruislip you are welcome to attend to sign contracts. However, the lender approved solicitors we work with provide a countrywide conveyancing service and give just as diligent and professional a job for you when dealing with you electronically. The signing of the purchase agreement is not the critical part. A signed contract is necessary for the conveyancer to address the formalities when the time is right, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in South Ruislip)to be in the office at the appropriate time.
I'm purchasing my first flat in South Ruislip with a mortgage from Accord Mortgages Ltd. The sellers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not inform my solicitor about the extras as it will impact my mortgage with the lender. 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.
Due to the input of my in-laws I had a survey completed on a property in South Ruislip prior to retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. Our surveyor has said that some lenders will not grant a mortgage on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions from Halifax. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in South Ruislip. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South Ruislip to see if the conveyancing will be more expensive.
I need to retain a conveyancing solicitor for purchase conveyancing in South Ruislip. I've discover a site which seems to have the ideal offering If it is possible to get all the legals done via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?