I was advised today by my lender that my South Shields lawyer is not on the lender Conveyancing panel. How can I check?
Your first step should be to call your South Shields lawyer directly. You lawyer should notify you what has happened. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
My husband and I are buying a newbuild apartment in South Shields with a homeloan from Platform Home Loans Ltd.We use our South Shields conveyancing practitioner but Platform Home Loans Ltd advised that his firm is not on their approved list of member firms. we are left little option but to use a Platform Home Loans Ltd panel solicitor or retain our high street solicitor and fork out for a Platform Home Loans Ltd panel lawyer to act for them. We feel as though this is unjust; Can we not simply insist that Platform Home Loans Ltd use our lawyer?
Unfortunately,no. The home loan offered to you contains terms and conditions, one of which will be that conveyancers needs to be on the Platform Home Loans Ltd solicitor panel. in the past, most banks had large numbers of law firms 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 solicitors to apply to be on the conveyancing panel for Platform Home Loans Ltd
I am helping my aunt sell her property in South Shields. Does the conveyancing solicitor commission the EPC or it is for the owner to coordinate?
Following the abolition of Home Information Packs, energy assessments was retained a required component of selling a house. An energy assessment needs to be commissioned in advance of the property being advertised. This is not something that lawyers normally organise. Where you are using a South Shields conveyancing solicitor they might be willing to arrange EPC’s given their relationships with reputable South Shields energy assessors
Forgive me if this question is silly but I am unexperienced as a first time purchaser of a two bedroom flat in South Shields. Do I collect the keys to the premises on completion from my conveyancer? If so, I will appoint a local conveyancing solicitor in South Shields?
On the day of completion you do not need to go to the conveyancers office in South Shields. Your solicitors will transfer the purchase money to the seller's solicitors, and once they have received this, you will be invited to collect the keys from the property Agents and move into your new home. Usually this happens between 1 and 3pm.
Last month we had a mortgage agreed in principle with HSBC. South Shields conveyancing lawyers have been appointed. What is the average time that one could expect to receive a mortgage offer from HSBC?
Some lenders take longer than others. Have HSBC done the survey? Have you advised HSBC as to your lawyers' details and checked that your lawyers are on the HSBC conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am buying my first flat in South Shields benefiting from help to buy. The developers would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not reveal to my conveyancer about the side-deal as it would put at risk my loan with Nottingham Building Society. Should I keep quiet?.
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'm converting the mortgage on my primary house to a BTL mortgage with Birmingham Midshires and intend to use the remaining equity towards further house. The location we are talking about is South Shields. Will your lawyers be able to act for both sets of mortgage companies and tie in the conveyances?
Do use our search tool on this page to ensure that the solicitors are on the appropriate lender panels. Assuming that they are the lawyer should be able to simultaneously deal with the two conveyancing matters but you should talk with you lawyer and communicate your expectations and requirements.