I am hoping to receive a mortgage with Halifax. My intention is to enlist the help of a Licensed Conveyancer in Thatcham. Does the Halifax Solicitor panel include Licensed Conveyancers?
The Halifax approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
I have been recommended a conveyancing solicitor in Thatcham. I I would like to check whether they are on the Nottingham Building Society conveyancing panel. Could you or the lender confirm if they are on the panel?
You should phone your lawyer and ask them whether they can act for the bank. Alternatively please get in touch with Nottingham Building Society who may be able to help.
I am purchasing my first flat in Thatcham benefiting from help to buy. The sellers refused to budge the amount so I negotiated £7000 of extras instead. The estate agent told me not inform my conveyancer about this side-deal as it would affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one close by in Thatcham I like with a park and railway links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Thatcham suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
Taking into account that I am about to spend hundreds of thousands of pounds on a terraced house in Thatcham I would like to have a conversation with the lawyer about myhome move in advance of appointing the firm. Is this something that you can arrange?
This is something that we recommend - it is our preference to talk to you we do not take any clients on without you liaising with the lawyer due to be conducting your property ownership legalities in Thatcham.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter reference. The practices that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Thatcham should be the figure that you are charged.