My partner and I are acquiring a brand new apartment in Aldborough Hatch and my lawyer is telling me that she is duty bound to the mortgage company to reveal incentives from the seller. I am nearing the developer’s deadline to exchange contracts and I would rather not prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My brother-in-law has suggested I instruct a conveyancing solicitor in Aldborough Hatch. I I am struggling to find out if they are on the Halifax approved list of lawyers. Could you help?
The first thing to do is contact your conveyancer and enquire if they are on the lender panel. Alternatively please get in touch with Halifax who may be able to confirm.
Despite weeks of looking the Title Certificate and documents to my property are lost. The lawyers who conducted the conveyancing in Aldborough Hatch 10 years ago have long since closed. What are my next steps?
Gone are the days when you need to hold title official documentation to establish that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
I'm purchasing a new build house in Aldborough Hatch with the aid of help to buy. The builders would not reduce the price so I negotiated 6k of fixtures and fittings instead. The house builders rep advised me not to tell my conveyancer about this side-deal as it would impact my mortgage 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.
I opted to have a survey completed on a house in Aldborough Hatch in advance of retaining solicitors. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some banks will not grant a loan on this type of property.
It varies from the lender to lender. HSBC has different requirements for example to Halifax. Should you wish to call us we can investigate further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Aldborough Hatch. Conveyancing may be slightly more expensive based on your lender's requirements.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £425,000 garden flat in Aldborough Hatch in 8 days. The managing agents has quoted £312 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Aldborough Hatch?
Aldborough Hatch conveyancing on leasehold flats ordinarily results in administration charges invoiced by management companies :
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Addressing conveyancing due diligence enquiries
Where consent is required before sale in Aldborough Hatch
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Aldborough Hatch conveyancing firm to represent me?
Most definitely. We are happy to put you in touch with a Aldborough Hatch conveyancing firm who can help.
An example of a Lease Extension case for a Aldborough Hatch property is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case was in relation to 1 flat. The unexpired term as at the valuation date was 61.36 years.