I am not in a position to travel far from Wadhurst. What is the rationale as to why all Wadhurst conveyancers aren't automatically on all bank panels?

Banks tend to restrict either the nature or the number of conveyancing firms on their panel. A common example of such criteria being that the organisation is required to have at least two partners. In addition to restricting the structure of firm, some banks such as HSBC made a decision to reduce the size of their panel they permit to act for them. It is worth noting that mortgage companies have no liability for the quality of service provided by any Wadhurst solicitor on their panel. Property fraud was the primary trigger for the rationalisation of solicitor panels from 2008 notwithstanding that there are opposing views about the extent of solicitor involvement in some of that fraud. Data via HMLR reveal that thousands of conveyancing firms only carry out a couple of conveyances annually. Those advocating conveyancing panel cuts question why conveyancing firms should have claim to be listed on a lender panel when clearly conveyancing is not their primary expertise?

I have todaybeen informed that Stirling Law have closed. They carried out my conveyancing in Wadhurst for a purchase of a leasehold apartment 12 months ago. How can I check that my home is in my name in the name of the previous owner?

The easiest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Wadhurst conveyancing specialists.

I am buying my first flat in Wadhurst with a mortgage from Coventry Building Society. The builders refused to budge the price so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not reveal to my lawyer about this deal as it may jeopardize my loan with the lender. 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.

I'm remortgaging my primary home to a buy to let loan with National Westminster Bank and intend to use the remaining equity as a deposit on another property. The neighborhood we are talking about is Wadhurst. Will your lawyers be able to act for the two lenders and tie in the transactions?

Do use our comparison tool on this site to ensure that the solicitors are approved by both banks. Assuming that they are the lawyer will be able to connect the two deals but you should have a chat with you lawyer and specify your desired outcome and requirements.

I am just shy of a 10% deposit on my flat purchase in Wadhurst , but I am anxious exchange. What can I do?

One option is to try and accept a lower deposit. Most vendors will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.

You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute