My bank has recommended solicitors on their panel based in Whetstone but I would rather instruct a conveyancing lawyer in Whetstone or nearer to where I live. Are you able to assist?
The minority of Whetstone conveyancing firms are approved and listed on all banks conveyancing panel. Do make use of the above search tool to identify a Whetstone conveyancing conveyancer on the on the bank panel.
When it comes to mortgage companies such as Kent Reliance, do Whetstone solicitors face a yearly amount to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
We were going to get a OIP from Virgin Money 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 Virgin Money recommend any Whetstone solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Whetstone solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
Barclays have agreed my mortgage in principle, my offer on a property in Whetstone has been agreed to, what happens next?
The estate agent will wish to be advised as to your solicitor's details (ensure that the property lawyers are on the lender’s panel). Call up Barclays or the financial adviser and complete any outstanding documentation. Barclays will appoint a valuer who will get in contact with the estate agent or vendor to schedule an appointment. Once carried out (assuming no problems) it takes approximately a week for the mortgage offer to be issued. Barclays will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Whetstone.
Should my conveyancer be raising enquiries concerning flooding during the conveyancing in Whetstone.
The risk of flooding is if increasing concern for solicitors specialising in conveyancing in Whetstone. Some people will purchase a property in Whetstone, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to give advice on flood risk, but there are a number of searches that may be initiated by the purchaser or by their solicitors which will figure out the risks in Whetstone. The standard information sent to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual inquiry of the seller to determine if the property has suffered from flooding. If the property has been flooded in past which is not notified by the seller, then a purchaser may commence a claim for damages as a result of such an incorrect response. A buyer’s lawyers will also carry out an environmental report. This will disclose if there is any known flood risk. If so, further inquiries will need to be made.
I'm purchasing my first flat in Whetstone benefiting from help to buy. The builders refused to move on the price so I negotiated £7000 of extras instead. The estate agent advised me not reveal to my solicitor about this deal as it may affect my mortgage with Santander. 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.
Whilst your website is a good idea there are many lawyers listed near Whetstone being on the bank conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our mortgage company?
We are not in the business of recommending one firm above another as the right Whetstone conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Whetstone knowledge or you might be looking for the low cost conveyancing. Before you appoint your lawyer we advise you to speak to two or three of the the firms listed to gain comfort as to which one is right for you..