I am obtaining a mortgage offer from Santander. I would like to retain the legal services of a Licensed Conveyancer in Carterton. Does the Santander Solicitor panel allow for Licensed Conveyancers?
The Santander approved solicitor list is, like many other lenders, represented by the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
I am nearing an exchange on a house in Carterton and my mum and dad have transferred the 10% deposit to my conveyancing practitioner. I am now informed that as the deposit has been received from someone other than me my solicitor needs to make a notification to my mortgage company. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancing practitioner is obliged to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Can I use your services to find a Conveyancing solicitor in Carterton even if I’m not purchasing or disposing of a house, for instance if I intend to buy an office in Carterton with a mortgage from Britannia?
The service is mainly used to locate domestic conveyancing solicitors in Carterton but we have recorded towards the bottom of this page a few Carterton commercial conveyancing firms. You should enquire with the solicitors directly to check if they can also act for Britannia
My grandmother passed away last year and as sole heir and executor I was left the house in Carterton. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Coventry BS, pay off the mortgage. Is this allowed?
Where you plan to re-mortgage then Coventry BS will insist on your using a conveyancer on the Coventry BS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Coventry BS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Coventry BS mortgage is registered as a charge at the Land Registry.
I own a renovated Edwardian property in Carterton. Conveyancing solicitor represented me and Accord Mortgages Ltd. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Carterton and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the position with your conveyancing lawyer who carried out the work.
I am purchasing a new build house in Carterton with a loan from Coventry Building Society. The sellers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The sale representative told me not reveal to my lawyer about this side-deal as it could put at risk my mortgage with Coventry Building Society. 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 UK Finance website. UK Finance 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.