My partner and I are acquiring a newly constructed apartment in Talbot Green and my conveyancer is informing me that she is duty bound to the mortgage company to disclose incentives from the developer. The Estate Agents are hassling me to exchange and I would rather not delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
How up to date is your search tool for Talbot Green conveyancing solicitors on the Virgin Money conveyancing panel? Do Virgin Money send you an updated list?
Talbot Green conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
We are selling our apartment in Talbot Green. Does the property lawyer need to be required to be on the Bank of Ireland conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently currently.
I've recently found out that there is a flying freehold element on a property I have offered on last month in what was supposed to be a straight forward, no chain conveyancing. Talbot Green is the location of the property. Can you offer any opinion?
Flying freeholds in Talbot Green are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Talbot Green you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Talbot Green may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How do I identify a Talbot Green law firm on the Barnsley Building Society conveyancing panel? I have a car and am happy to travel upto 20kilometers to meet the lawyer.
Feel free to make use of the search on this website. Please choose the lender and your location and you will see a number of Talbot Green conveyancing lawyers located nearest you. We have listed some Talbot Green conveyancing firms at the bottom of this page and you can call them to check whether they are on the Barnsley Building Society approved list