I am hoping to receive a mortgage offer from Nat West. I would like to use a Licensed Conveyancer in Welton. Does the Nat West Solicitor panel allow for conveyancers regulated by the CLC?

The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the CLC.

My Welton lawyer has spotted an inconsistency when comparing the information in the valuation survey and what is in the title deeds. My solicitor says that he is duty bound to check that the lender is OK with this discrepancy and is content to go ahead. Is my conveyancer’s approach right?

Your lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.

It has been 2 months since my purchase conveyancing in Welton completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am purchasing my first flat in Welton with a loan from Santander. The builders would not budge the price so I negotiated 6k of additionals instead. The property agent told me not inform my conveyancer about this extras as it would affect my mortgage 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.

I see that you have a post code search directory listing solicitors on the lender conveyancing panel. Do Welton conveyancing firms pay you a referral fee if I retain them for my own conveyancing?

We are a listing service only for law firms wishing to communicate if they are on the lender conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Welton.