Should lawyers request an advanced payment for my conveyancing in Stockton on Tees?
Where you are retaining lawyers for conveyancing in Stockton on Tees your lawyer will request that you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the down payment is payable against the total price then this will be asked for immediately in advance of exchange of contracts. Any further balance that is due should be transferred shortly before completion.
Is there a search tool that I can use to discover of the solicitor handling my conveyancing in Stockton on Tees is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for thus paying £175.00 in another set of conveyancing costs.
Please do take advantage of the search tool on this web page. Pick the mortgage company and type ‘Stockton on Tees’ or your location and you will see a number of lawyer located in Stockton on Tees or near you.
I'm buying a new build house in Stockton on Tees benefiting from help to buy. The builders would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not reveal to my solicitor about the deal as it would adversely affect my mortgage with the bank. 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.