How do I check that the solicitor handling my conveyancing in Prenton is on the mortgage lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus spending £175.00 in supplemental conveyancing invoice.
Feel free to take advantage of the find a lender approved solicitor tool on this page. Pick the mortgage company and type ‘Prenton’ or your preferred area and you will be presented with numerous solicitors based in Prenton or near you.
My colleague advised me that where I am buying in Prenton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Prenton conveyancing searches. It is a large report of more than thirty pages, listing and setting out significant information about Prenton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Prenton Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data concerning Prenton.
I am buying a new build house in Prenton benefiting from help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not inform my conveyancer about the extras as it could adversely affect my loan with the bank. 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.
My husband and I are novice buyers - agreed a price, yet the agent informed us that the owners will only go ahead if we instruct the agent's chosen solicitors as they want a ‘quick sale’. We would rather use a local solicitor who is accustomed to conveyancing in Prenton
We suspect that the owner is unaware of this request. Should the seller want ‘a quick sale', turning down a serious purchaser is not the way to achieve this. Try to communicate with the owners directly and explain that (a)you are motivated buyers (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)however you intend to appoint your preferred Prenton conveyancing solicitors - not the ones that will provide the negotiator at the agency a commission or hit his conveyancing targets pre-set by senior management.
Should I stop my mortgage payments with Aldermore once a completion date for my sale in Prenton has been agreed?
No, you should maintain meeting any mortgage payments to Aldermore pending the mortgage being paid off from the proceeds of sale as part of your Prenton conveyancing.