I had intended to instruct a conveyancing solicitor in Abbeymeads for our house move. Our financial adviser informed us that our mortgage lenders Santander won't deal with them. Why is this not regarded as unfair competition?
A lender can direct that a panel conveyancer act for it. You would be expected to meet the cost of this. Try using our tool to get a quote from a solicitor to carry conveyancing in Abbeymeads on the Santander approved list of solicitors.
This question may be naive but I am new to the process as a first time purchaser of a garden flat in Abbeymeads. Do I receive the keys to the house on the completion date from my lawyer? If this is the case, I will find a High Street conveyancing solicitor in Abbeymeads?
There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the owner’s conveyancers, and once they have received this, you will be invited to collect the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
When it comes to mortgage companies such as Principality, do Abbeymeads solicitors face an annual charge to be on the conveyancing panel?
We are unaware of any bank fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
After months of negotiation I have agreed a price on an apartment in Abbeymeads. My mortgage broker recommended their conveyancers. I paid an on account payment of £150. Soon after, the conveyancing practitioner contacted me sheepishly admitting that they were not on the Kent Reliance conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Kent Reliance panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I am buying my first flat in Abbeymeads with the aid of help to buy. The developers refused to reduce the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not inform my conveyancer about this extras as it would adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
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 UK Finance website. UK Finance 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 decided to have a survey done on a property in Abbeymeads before instructing lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some lenders may refuse to issue a loan on a flying freehold house.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you contact us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Abbeymeads. Conveyancing may be slightly more expensive based on your lender's requirements.
Having had my offer accepted I require leasehold conveyancing in Abbeymeads. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
If the lease is registered - and 99.9% are in Abbeymeads - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a split level flat in Abbeymeads, conveyancing having been completed January 2008. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Abbeymeads with over 90 years remaining are worth £181,000. The ground rent is £55 yearly. The lease ceases on 21st October 2077
You have 51 years unexpired we estimate the premium for your lease extension to be between £30,400 and £35,200 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
Been reading online that Abbeymeads solicitors are more costly than Abbeymeads conveyancers in Abbeymeads when it comes to purchasing a house. Am I better off using a conveyancer or a solicitor if I am buying for my home move in Abbeymeads.
When it comes to conveyancing in Abbeymeads the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.