My lawyer in Chipping Campden is not on the Approved Panel. Can I still retain my prefered solicitor notwithstanding that they are excluded from the list of approved lawyers?
The limited options available to you here include:
- Complete the purchase with your existing Chipping Campden lawyers but will need to retain a conveyancer on their panel. This will inevitably rack up the total legal charges and result in delays.
- Choose a new solicitor to act in the purchase, not forgetting to check they are on the len panel
I just bought a property at auction in Chipping Campden. Conveyancing is necessary. What is next?
Now that you have exchanged you must instruct a conveyancing solicitor soon as you will have a fast approaching a fixed date to complete the transaction. All auction property should have a corresponding legal pack. This will include most,if not all of the documents that your solicitor requires. Where you are dealing with leasehold property the auction pack may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to leasehold premises. You should pass this on to your appointed conveyancing solicitor ASAP. Do make sure that your finances are organised to complete the transaction on the set completion date.
i am buying my first flat in Chipping Campden benefiting from help to buy. The developers would not move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent told me not inform my solicitor about this deal as it may put at risk my mortgage with the lender. 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.