I plan on purchasing a maisonette in Tolworth. My Solicitor is not on the bank solicitor list. Is it possible for me to continue with my Tolworth conveyancing solicitor even though they are excluded from the bank panel of approved conveyancing solicitors?
Your options include
- Complete the deal with your chosen Tolworth conveyancer but your mortgage company will no doubt use a conveyancer from their approved panel. The net result is additional charges together with likely frustration.
- Appoint a new conveyancer to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Convince your property lawyer to pull out all the stops to get listed on the mortgage company conveyancing panel
Would the conveyancing practitioners identified through your search tool execute auction conveyancing in Tolworth?
We know of a number of niche practitioners we can connect you with those who can conduct auction conveyancing. Tolworth is just one of our locations in which our lawyers are based.
I am buying a property and require a conveyancing solicitor in Tolworth who is on the Yorkshire Building Society approved. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Yorkshire Building Society in certain locations such as Tolworth. We dont recommend any particular firm.
My bid for a property was accepted at auction in Tolworth. Conveyancing is needed. What is next?
Having legally committed yourself to purchase you must appoint a conveyancing practitioner soon as you will have a tight deadline in which to complete the purchase. An auction property will have an associated auction set of papers. This will likely include most,if not all of the paperwork that your conveyancer requires. In the case of leasehold property the auction pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You need to pass this on to the conveyancer instructed by you as soon as possible. Do make sure that you have funds organised to complete the transaction on the set completion date.
We were going to get a OIP from Co-operative this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Co-operative recommend any Tolworth solicitors on the Co-operative conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Tolworth solicitors independently although you'll need to choose one on the Co-operative conveyancing panel. The solicitor represents both you and Co-operative through the process.
After months of negotiation I have agreed a price on an apartment in Tolworth. My financial adviser suggested a lawyer. I paid an upfront payment of £175. Not long after, the conveyancing practitioner contacted me embarrassingly acknowledging that they were not on the Barclays conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Barclays panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I'm buying a new build house in Tolworth with a mortgage from HSBC Bank. The sellers would not move on the price so I negotiated £7000 of additionals instead. The property agent told me not disclose to my conveyancer about the deal as it may put at risk my loan with HSBC 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.