Much to our surprise we have been informed by our mortgage adviser that my Chapeltown lawyer is not on the bank Conveyancing panel. What can I do to check?
Your first step should be to call your Chapeltown lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
My grandmother passed away 10 months ago and as sole heir and executor I was left the house in Chapeltown. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Nationwide, pay off the mortgage. Is this allowed?
If you intend to refinance then Nationwide will insist on your using a conveyancer on the Nationwide 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 Nationwide 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 Nationwide mortgage is registered as a charge at the Land Registry.
I'm buying a new build house in Chapeltown with a loan from Skipton Building Society. The sellers would not move on the amount so I negotiated £7000 of extras instead. The house builders rep suggested that I not inform my solicitor about the deal as it will affect my mortgage with the bank. 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.
Due to the guidance of my in-laws I had a survey completed on a property in Chapeltown in advance of appointing lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some lenders will refuse to issue a mortgage on this type of house.
It varies from the lender to lender. Santander has different instructions from Halifax. If you call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chapeltown. Conveyancing will be smoother if you use a solicitor in Chapeltown especially if they are acquainted with such properties in Chapeltown.
Hoping to buy a property located in Chapeltown and I am already nervous. I couldn't find anything specific about Chapeltown. Conveyancing will be needed in due course but do you know about the Chapeltown area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Chapeltown. In the meantime here are some basic statistics that we found
I need to instruct a conveyancing solicitor for my conveyancing in Chapeltown. I have chance upon a web site which appears to be the ideal offering If it is possible to get all the legals done via phone that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?