My IFA has asked me for my Stowmarket lawyer’ panel reference for the Santander conveyancing panel. How do I discover this. I have tried my local Stowmarket branch but they have not got back to me yet.
Have you tried contacting your Stowmarket solicitor about this?. Most Stowmarket conveyancing firms will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
I have paid off my mortgage with TSB. I assume I don't need a Stowmarket lawyer on the TSB panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your TSB mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the TSB mortgage from the register. TSB, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where TSB has sent the Land Registry the discharge electronically, and
- TSB has instructed the Land Registry to do so
After weeks of negotiation I have agreed a price on a house in Stowmarket. My financial adviser suggested a conveyancer. I paid an upfront payment of £200. Not long after, the conveyancing practitioner contacted me embarrassingly acknowledging that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My offer was accepted on an apartment in Stowmarket on 2/6/2025, valuation was booked five days later, all came back fine. Conveyancer instructed, so the only thing outstanding was my mortgage offer. Having made daily calls to Coventry BS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Coventry BS conveyancing panel. Can the lender hold off the offer?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Coventry BS to deal with your lawyer's application to be on the Coventry BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am buying my first flat in Stowmarket benefiting from help to buy. The sellers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The property agent suggested that I not to tell my conveyancer about this extras as it could put at risk 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 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.
Hoping to buy a property located in Stowmarket and I am already nervous. I couldn't find anything specific about Stowmarket. Conveyancing will be needed in due course but do you know about the Stowmarket area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stowmarket. In the meantime here are some basic statistics that we found
Our conveyancer in Stowmarket is asking me for identification documents asserting that this is part of his legal duty as a solicitor on the mortgage company Solicitor panel. Can this be correct?
Anti-terror and anti-money-laundering rules require Stowmarket conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you need to sign will no doubt confirm this. Your lawyer is right that the lender also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the lender's UK Finance Lenders’ Handbook requirements