Do the conveyancing practitioners that you recommend carry out auction conveyancing in Ivybridge?
We know of a number of niche practitioners we can connect you with those specialising in auction conveyancing. Ivybridge is just one of hundreds of areas of where our lawyers have offices.
We wanted to use a property lawyer in Ivybridge for our house move. Our financial adviser informed us that our bank won't deal with them. Why is this not regarded as unduly restrictive?
Banks in the main restrict either the type or the amount of conveyancing firms on their panel. A common example of such restriction(s) being that a law practice must not be a sole practitioner. In addition to restricting the profile of firm, some have decided to limit the amount of firms they permit to act for them. You should note that have no responsibility for the quality of advice provided by any member of Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of conveyancing panels a few years ago even though there are mixed views concerning the extent of solicitor engagement in some of that fraud. Statistics from the Land Registry reveal that plenty of law firms, including some in or near Ivybridge only carry out a couple conveyances per annum.
I'm buying a new build house in Ivybridge with a loan from . The sellers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not to tell my solicitor about the extras as it could put at risk my loan with . Is this normal?.
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.