I am obtaining a offer of a home loan from Santander. I hope to retain the legal services of a Licensed Conveyancer in Tottenham. Does the Santander Conveyancing panel exclude Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the CML or Building Society Association, open to Licensed Conveyancers regulated by the CLC.
Our lender has suggested a law firm on their panel based in Tottenham but I would rather choose a conveyancing lawyer in Tottenham or nearer to where I live. Are you able to assist?
It is by no means the case that all Tottenham conveyancing practices are on all banks conveyancing panel. Use the above search tool to locate a Tottenham conveyancing firm on the on the bank panel.
I am purchasing my first flat in Tottenham with a loan from . The developers would not move on the price so I negotiated 6k of extras instead. The property agent told me not inform my lawyer about the side-deal as it will put at risk my loan with the lender. Should I keep quiet?.
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.
Due to the guidance of my in-laws I had a survey completed on a property in Tottenham before retaining solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may refuse to give a loan on this type of home.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Tottenham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tottenham to see if the conveyancing will be more expensive.
Am I best advised to appoint a Tottenham conveyancing lawyer who is local to the property I am purchasing? We have a good friend who can handle the legal formalities but her office is 400kilometers away.
The primary upside of using a high street Tottenham conveyancing firm is that you can visit the firm to sign paperwork, present your ID and pester them where appropriate. They will also have local insight which is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were happy that must outweigh using an unknown Tottenham conveyancing solicitor solely due to them being based in the area.