I require expedited conveyancing in Stone Cross as I have an ultimatum to complete within 2 weeks. A mortgage is not required. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you have the choice not to do searches although no lawyer would recommend that you don't. With lots of history conveyancing in Stone Cross the following are examples of issues that can appear and therefore impact future saleability: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
I'm purchasing my first flat in Stone Cross with a mortgage from Chelsea Building Society. The sellers would not budge the price so I negotiated £7000 of extras instead. The property agent told me not disclose to my conveyancer about this deal as it would jeopardize my loan with the bank. 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 opted to have a survey completed on a property in Stone Cross prior to retaining lawyers. I have been informed that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies tend refuse to grant a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Stone Cross. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for my conveyancing in Stone Cross. I've discover a site which looks to be the ideal solution If there is a chance to get all the legals done via phone that would be ideal. Do I need to be wary? 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?
My wife and I are acquiring a 2 bedroom flat in Stone Cross. At the point of instructing our conveyancer, they said that they were on all mainstream lender panels. The financial adviser called just now to advise that they don't appear to be on the Virgin Money approved list. Were it to be true, what should we do? Do we simply choose a different property lawyer that is on their panel or do we pay for separate representation, with Virgin Money appointing their own approved conveyancing practitioner.
When acquiring a property with mortgage finance it is normal for the buyer’s lawyers to also act for the mortgage company. In order to act for a bank or building society a lawyer has to be on that lender's conveyancing panel. An application has to be made by the conveyancer to the lender to become a member of the lender's panel and there are increasingly strict criteria which the conveyancing practitioner has to meet. Some building societies now insist their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should call Virgin Money and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You don't have to instruct a firm on Virgin Money's conveyancing panel as you are at liberty to use your preferred Stone Cross lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.