Do the Building Society Association intend to launch a online directory to to identify solicitors on the Earl Shilton BS conveyancing panel for instance in Southwick?
We would not expect to be advised of any plans on the part of the BSA to promote such a search facility.
I am purchasing a new build house in Southwick benefiting from help to buy. The sellers would not reduce the price so I negotiated £7000 of extras instead. The sale representative suggested that I not to tell my conveyancer about the extras as it could put at risk my loan 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.
I am looking for a flat up to £195,000 and found one round the corner in Southwick I like with a park and station nearby, however it only has 52 remaining years left on the lease. There is not much else in Southwick for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you need a home loan the shortness of the lease may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
Is it possible to change conveyancer as I have to find a firm on the Norwich and Peterborough Building Society conveyancing panel. I had appointed a family conveyancing solicitor in Southwick round the corner but the firm is not approved by Norwich and Peterborough Building Society
We will our best to assist in finding you a conveyancing solicitor in Southwick on the Norwich and Peterborough Building Society panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Southwick. In utilising the find a conveyancing solicitor tool on this site, you can scrutinise costs for conveyancing solicitors in Southwick and beyond.
I am due to consider estimates for conveyancing in Southwick from various solicitor and choose one. Do I get them to hold tight until I I have an offer accepted on a apartment.
You should wait to request your property lawyer to open a file and order searches once the sales memorandum has been sent by the selling agent particularly as Southwick conveyancing searches are a couple of hundred pounds.