My husband and I are purchasing a new build flat in Tewkesbury and my solicitor is telling me that she has to the lender to reveal incentives from the builder. The Estate Agents are hassling me to exchange and I would rather not prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We see that you have a search directory listing solicitors on the Nationwide conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Tewkesbury?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Tewkesbury.
My lawyer in Tewkesbury has never been on on the Skipton Building Society Approved Panel. Can I still retain my prefered solicitor even though they are not on the Skipton Building Society panel?
The limited options available to you here include:
- Carry on with your existing Tewkesbury lawyers but Skipton Building Society will need to instruct a conveyancer on their panel. This will result in additional overall legal charges as well as result in delays.
- Choose a new lawyer to act in the purchase, remembering to check they are Skipton Building Society approved.
- Persuade your Skipton Building Society solicitor to try to join the Skipton Building Society panel
Various web forums that I have visited warn that are a common reason for hinderance in Tewkesbury house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Local searches are unlikely to feature in any slowing down conveyancing in Tewkesbury.
I have todaydiscovered that Stirling Law have been shut down. They conducted my conveyancing in Tewkesbury for a purchase of a leasehold flat 10 months ago. How can I check that the property is not still registered in the name of the previous owner?
The easiest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Tewkesbury conveyancing specialists.