My Solicitor in Wedmore is not listed on the Chelsea Building Society Conveyancing Panel. Can I still continue with my prefered solicitor even though they are excluded from the Chelsea Building Society panel?
Your options are as follows:
- Complete the purchase with your preferred Wedmore solicitors but Chelsea Building Society will need to instruct a conveyancer on their list of acceptable firms. This will inevitably rack up the total legal charges as well as result in delays.
- Find an alternative solicitor to act in the conveyancing, obviously checking they are Chelsea Building Society approved.
- Persuade your Chelsea Building Society based solicitor to attempt to join the Chelsea Building Society panel
I am buying my first flat in Wedmore benefiting from help to buy. The sellers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not disclose to my conveyancer about the deal as it may jeopardize my mortgage 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.
I am looking for a leasehold apartment up to £245,000 and found one near me in Wedmore I like with a park and railway links nearby, the downside is that it's only got 49 years on the lease. I can't really find anything else in Wedmore suitable, so just wondered if I would be making a grave error purchasing a short lease?
Should you need a home loan the shortness of the lease may be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
How simple is it to swap solicitor as I have to appoint one who is on the Accord Mortgages Ltd conveyancing list. I instructed a family conveyancing solicitor in Wedmore five minutes from me but he is not approved by Accord Mortgages Ltd
It would be our pleasure to assist you find a conveyancing solicitor in Wedmore on the Accord Mortgages Ltd panel. Please note that the solicitors that we on the directory do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Wedmore. Using the find a conveyancing solicitor tool on this site, you can compare costs for conveyancing solicitors in Wedmore and beyond.
My father has suggested that I instruct his lawyers for conveyancing in Wedmore. Should I use them?
Much as we are happy to recommend a Wedmore conveyancing lawyer it’s preferable to choose a conveyancing lawyer is to get feedback from friends or family who have previously instructed the solicitor you're contemplating using.