I plan on acquiring a maisonette in Weymouth. My Solicitor has never been on on the mortgage company conveyancing panel. Is it possible for me to appoint my Weymouth conveyancing solicitor notwithstanding that they are not on the bank approved list?
Your options include
- Proceed with your existing Weymouth solicitor but your bank will need to appoint a conveyancing practitioner on their conveyancing panel. This will result in additional cost and potential delay.
- Appoint a new conveyancer to act in the purchase, obviously checking they are on the mortgage company conveyancing panel.
- Convince your solicitor to do everything within their powers to get listed on the lender’s panel of solicitors
Can I use your services to find a Conveyancing solicitor in Weymouth even if I’m not purchasing or disposing of a house, for example if I intend to acquire an office in Weymouth with a loan from Lloyds TSB Bank?
The service is mainly used to get a quote from residential conveyancing solicitors in Weymouth but we have recorded at the end of this page some Weymouth commercial conveyancing firms. You will need to make contact with the solicitors directly to establish if they can also act for Lloyds TSB Bank
When reviewing mumsnet.com for a recommended lawyer in Weymouth, most say that I must look for a CQS kitemarked lawyer. Can you explain what CQS is?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing processes through the scheme protocol Membership covers many organisations who carry out conveyancing in Weymouth.
I am purchasing a new build house in Weymouth with a mortgage from Chelsea Building Society. The developers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The property agent told me not to tell my lawyer about this extras as it could jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
At last I have had an offer on an flat in Weymouth accepted, but there is a chain. The sellers have offered on a flat, although it’s not been accepted yet, and are looking at other properties in the pipeline. I have chosen a nearby conveyancing lawyer in Weymouth. What should be my next step? At what point should I apply for the mortgage with Leeds Building Society?
It is normal to have concerns where there is an associated chain given your reluctance to be too out of pocket too early (home loan application is approx one thousand pounds, then survey, Weymouth conveyancing search costs, etc). First, you should check that your lawyer is on the Leeds Building Society conveyancing panel. As to the next stages this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a hot market many purchasers would apply for the mortgage with Leeds Building Society and pay for the survey and only if it comes back ok would they ask their solicitor to move forward with searches.