I can't travel far from North Harrow. Is there a reason why all North Harrow solicitors are not on all lender panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The elimination of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its conclusions included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. It resulted in banks and building societies purging less reputable firms off their books of approved conveyancing practitioners .
Our god-son is about to exchange on a new build apartment in North Harrow with a home loan from Clydesdale. His conveyancer has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Clydesdale conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Various online forums that I have come across warn that are the number one cause of obstruction in North Harrow house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in North Harrow.
Due to the input of my in-laws I had a survey completed on a property in North Harrow ahead of appointing lawyers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some lenders may refuse to give a mortgage on a flying freehold home.
It varies from the lender to lender. Bank of Scotland has different requirements from Halifax. Should you wish to call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in North Harrow. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in North Harrow to see if the conveyancing costs will increase in light of this.
A loan agreement from a mortgage company for the remortgage of my 2 bedroom apartment is coming any day now. Are you able to recommend a cheap remortgage conveyancing law firm in North Harrow ?
This site is not designed to help in pursuit of the lowest fares for conveyancing in North Harrow. Our aim is to provide excellent value conveyancing but we do not work with the cheapest lawyers. Avoid the trap of appointing brokers offering £99 conveyancing in North Harrow.At best, in opting for cheap conveyancing, you will end up with what you pay for and at worst you will end up invoiced for extras and still not receive the service you were looking for.