It has come to my attention via my financial adviser that my Thorpe Astley property lawyer is not on the bank Solicitor panel. What can I do to check?
The first thing you need to do is to call your Thorpe Astley lawyer directly. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they may be able to suggest a Thorpe Astley conveyancing firm that is on the approved list of lawyers for your lender.
I am purchasing my first flat in Thorpe Astley benefiting from help to buy. The builders refused to budge the amount so I negotiated £7000 of additionals instead. The property agent told me not to tell my lawyer about the deal as it may impact my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
What tools are available to search for a Thorpe Astley solicitor on the The Mortgage Works conveyancing panel? I have wheels and am willing to travel upto 20kilometers to meet the conveyancer.
You can use the tool on this page. Please select a mortgage company and your location and you will see a number of Thorpe Astley conveyancing lawyers based on proximity. We have detailed some Thorpe Astley conveyancing firms towards the end of this page and you can ring them to check if they are on the The Mortgage Works member panel
Am I best advised to use a Thorpe Astley conveyancing lawyer who is local to the property I am hoping to buy? I have an old university friend who can conduct the legal formalities but her office is 300kilometers away.
The benefit of a local Thorpe Astley conveyancing practice is that you can attend the office to execute paperwork, hand in your identification documents and apply pressure on them where appropriate. They will also have local insight which is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were content that must trump using an unfamiliar Thorpe Astley conveyancing lawyer just because they are round the corner.
Being a leasehold owner I am liable for a maintenance contribution for my property in Thorpe Astley. Due to losing my job and other issues I slipped behind with remittance. I negotiated a settlement plan but there is still about £2000 outstanding as of today.
I am under pressure to sell and I am panicking this can hold me back if I have to settle the arrears first. I'd like to sell up and subsequently pay them back with the proceeds - is this practicable?
The conveyancer dealing with your Thorpe Astley sale will hopefully be in a position to negotiate with the appropriate parties, with a new to seeing if they would accept settlement out of the completion monies. This is an example of why it is advisable to appoint a conveyancer in Thorpe Astley as they may well have an open line of communication with the parties.