My IFA requires my Seaview lawyer’ panel member for the HSBC conveyancing panel. What is the best way to find this out. I have tried my local Seaview office but they cant find it on their system.
The sensible thing to do is ask for this information from your Seaview conveyancing practitioner . They keep a central record lender panel numbers.
Our solicitor has uncovered a a legal deficiency with the lease for the flat we are purchasing in Seaview. The seller’s lawyers have put forward title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer has advised that he must check that the bank is happy with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
I own a freehold residence in Seaview but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Seaview and has limited impact for conveyancing in Seaview but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I am buying my first flat in Seaview benefiting from help to buy. The developers would not reduce the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not reveal to my conveyancer about the side-deal as it would affect my loan with the lender. 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.
I need to instruct a conveyancing solicitor in Seaview for my house move. Is there any facility to see a firm’s complaints history with the legal regulator?
One can find presented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors record, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The SRA may recorded call for training purposes.