We wanted to use a property lawyer in Ashford for our house move. Our broker informed us that our mortgage company Norwich and Peterborough Building Society won't deal with them. Why is this not regarded as unduly restrictive?
A bank will insist on an approved solicitor act for it. You would be expected to bear the cost of this. Do use our tool to get a quote from a solicitor to conduct conveyancing in Ashford on the Norwich and Peterborough Building Society approved list of solicitors.
I'm buying a new build house in Ashford with the aid of help to buy. The sellers would not move on the price so I negotiated 6k of extras instead. The estate agent suggested that I not to tell my lawyer about the side-deal as it would put at risk my loan with Godiva Mortgages Ltd. 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 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.
What tools are available to identify a Ashford solicitor on the Clydesdale conveyancing panel? I am a keen cyclist and am willing to travel upto 20kilometers to meet the conveyancer.
You can use the tool on this page. Please pick a bank and your location and you will see a number of Ashford conveyancing lawyers locally. We have listed some Ashford conveyancing firms towards the end of this page and you can ring them to check whether they are on the Clydesdale panel
I have been sourcing a conveyancing practitioner in Ashford for my home move. Can I check a solicitor's complaints history with the legal regulator?
Members of the public can read presented Solicitor Regulator Association (SRA) decisions stemming from inquisitions commenced on or after Jan 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The SRA sometimes recorded call for training requirements.
I am looking at a couple of apartments in Ashford both have approximately fifty years remaining on the lease term. should I be concerned?
There are no two ways about it. A leasehold apartment in Ashford is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it reduces the salability of the property. The majority of purchasers and banks, leases with less than eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Ashford conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I have given up negotiating a lease extension in Ashford. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to calculate the price payable.
An example of a Lease Extension case for a Ashford residence is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case related to 1 flat. The unexpired term as at the valuation date was 82.93 years.
We have AIP from HSBC Bank who have advised we could borrow up to £300k. When do I need to appoint a solicitor for conveyancing? Ashford is where we are .
You can appoint a lawyer now and ask them to open a file on your behalf. This will enable: 1) the estate agent to issue a Sales Memo to the relevant parties 2) the seller’s lawyer to submit the draft contract. That being said, do not instruct your conveyancing practitioner to start searches until you have your valuation report via HSBC Bank and you are content to proceed.