Do the Building Society Association intend to launch a search tool with a view to to identify law firms on the conveyancing panel for example in Harborne?
Lexsure has not been advised of any intention on the part of the BSA to develop such a search facility.
I'm purchasing a new build house in Harborne with a loan from . The builders refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep told me not disclose to my lawyer about the deal as it will put at risk my loan with the lender. Should I keep quiet?.
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.
Do I need to be wary by estate agents that I am dealing with are recommending a web based conveyancing firm rather than a local Harborne conveyancing company?
As is the case with lots of service providers, often recommendations from family and friends can be most helpful. Yet there are numerous parties with a vested interest in a conveyancing deal; estate agents, financial adviser and banks may suggest lawyers to select. On occasion these lawyers might be known to one of the organisations as experts in their field, but occasionally there exists a financial incentive behind the recommendation. You have the right to choose your preferred conveyancer. Don't forget that some mortgage providers specify a panel list of solicitors you are obliged to use for the lender related work in your conveyancing.