Me and my partner are planning to acquire a 2 bedroom apartment in Tickton with a mortgage. We like our Tickton solicitor, however the lender says he's not on their "panel". We have to appoint one of the lender panel conveyancing practices or keep our Tickton solicitor and pay for one of their panel ones to act for them. We regard this is unjust; can we not require that the bank use our Tickton lawyer ?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Tickton conveyancing lawyer to apply to be on the conveyancing panel.
What does my ID and proof of funds have anything to do with my conveyancing in Tickton? What am I being asked for?
Tickton conveyancing solicitors as well as nationwide property practitioners accross the UK have a duty under money laundering regulations to verify the identity of any client with a view to ensure that clients are who they say they are.
Conveyancing clients are required to supply two forms of certified ID; proof of ID (usually a Passport or Driving Licence) and proof of address (usually a Utility Bill less than 3 months old).
Evidence of source of monies is also required under the money laundering regulations as conveyancers are obliged to ensure that the funds you are utilising to acquire a property (be it the exchange deposit or the full purchase price where you are buying mortgage free) has come from a reputable source (such as an inheritance) rather than the fruits of criminal behaviour.
I am purchasing a house and need a conveyancing solicitor in Tickton who is on the Skipton Building Society conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Skipton Building Society in certain locations such as Tickton. We dont recommend any particular firm.
Despite weeks of looking the Title Certificate and documents to our house can not be found. The solicitors who did the conveyancing in Tickton 4 years ago no longer exist. What do I do?
Gone are the days when you need to have the physical original deeds to establish that you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
I'm buying my first flat in Tickton with a loan from Accord Mortgages Ltd. The builders refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The sale representative advised me not inform my conveyancer about the side-deal as it will jeopardize my mortgage with the bank. Is this normal?.
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.