I had a mortgage agreed in principle with Aldermore. Bedfont conveyancing lawyers are selected. How long does it take for Aldermore to forward the offer to the conveyancer?
Some lenders take longer than others. Have Aldermore done the survey? Have you informed Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I can not work out if my mortgage offer requires a lease extension. I have called into my local Bedfont bank branch on a couple of occasions and was informed it wasn't a problem and they will lend. My Bedfont conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend based on their specific requirements. I simply don't know who is right.
The conveyancer has to follow the Council of Mortgage Lenders’ Handbook Part 2 provisions for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
After weeks of negotiation I have agreed a price on an apartment in Bedfont. My mortgage broker pressured me to appoint their property lawyer. I paid an on account payment of £200. Shortly after, the solicitor called me to say that they were not on the Clydesdale 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 Clydesdale 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.
Various web forums that I have visited warn that are the primary cause of stalling in Bedfont house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published determinations of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of slowing down conveyancing in Bedfont.
I purchased a 4 bedroom Victorian property in Bedfont. Conveyancing solicitor represented me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the exact same property. Is it worth asking The Royal Bank of Scotland to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bedfont and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with your conveyancing solicitor who completed the work.
I'm buying a new build house in Bedfont benefiting from help to buy. The sellers refused to budge the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not to tell my lawyer about the side-deal as it could adversely affect my loan with the lender. 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.
I need to find a conveyancing solicitor for leasehold conveyancing in Bedfont. I've discover a site which looks to be the perfect offering If there is a chance to get all this stuff completed via email that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Me and my fiance have just had an offer accepted on a property and had meeting on Tuesday with the Post Office for the mortgage. They warned me that when it comes to selecting a lawyer that unless they are on their approved panel of conveyancers then we will be subject to an an extra charge of about two hundred pounds. This is is due to the fact that they would then have to instruct a conveyancer to act on their behalf as well as the one we choose to act for ourselves and we are liable for their invoice. I have requested the Post Office to provide me with a list so I can seek quotes only from their approved conveyancers but was told they dont have such a list to hand over. Is there a list online?
You should ask the Post Office what their criteria for joining their panel is for a conveyancer.Then ask the conveyancing practitioner of your choice whether they fit that criteria and have they acted on mortgages for the Post Office in the past. If the answer to those is yes, then just double check with the Post Office. Alternatively please use our search tool and we should be able to identify a lawyer in Bedfont on the panel for the Post Office.