My fiance and I decided to purchase a purpose built apartment in Braunton with a homeloan from Platform Home Loans Ltd.We use our Braunton conveyancing practitioner but Platform Home Loans Ltd says he's not listed on their "panel". we are left little option but to use a Platform Home Loans Ltd panel solicitor or retain our local solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
No, not really. The home loan issued to you contains terms and conditions, one of which will be that solicitors must be on the Platform Home Loans Ltd approved list. in the past, most mortgage companies had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Platform Home Loans Ltd
The deeds to my house are lost. The lawyers who did the conveyancing in Braunton 4 years ago are no longer around. Will I be able to sell the house?
As long as the title is registered the information relating to your proprietorship will be held by HMLR under a Title Number. It is possible to execute a search at the Land Registry, identify your house and secure up to date copies of the Registered Entries for a small fee. If the property is Leasehold then the Land Registry will usually retain a certified copy of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
I'm buying a new build house in Braunton with a mortgage from Nottingham Building Society. The sellers refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The estate agent suggested that I not reveal to my solicitor about this extras as it may affect my loan with the lender. 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.
How can the Landlord & Tenant Act 1954 affect my business offices in Braunton and how can you help?
The particular law that you refer to affords protection to commercial leaseholders, granting the right to apply to court for a renewal tenancy and continue in occupation at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Braunton is one of our numerous locations in which the firms we work with are based
How do I determine who owns a property in Braunton?
On the basis that the property is recorded at the Land Registry, and you have the specifics of the location of the premises, you should be able to view results from the HM Land Registry of the registered owner for a a minimal charge.