I am buying my first flat in Bexley with a loan from Bank of Ireland. The sellers refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not to tell my conveyancer about the extras as it would adversely affect my mortgage with the bank. Is this normal?.
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 decided to have a survey done on a house in Bexley ahead of retaining conveyancers. I have been told that there is a flying freehold element to the house. My surveyor advised that some banks tend refuse to issue a loan on a flying freehold home.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bexley. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it simple use the search tool to select a conveyancing lawyer in Bexley on the approved list for my lender?
Step one is to choose a lender such as HSBC Bank, Skipton Building Society or Nottingham Building Society then type in your preferred area for example Bexley. Conveyancing organisations in Bexley and across England and Wales should be shown.
My husband and I are FTB’s - had an offer accepted, yet the selling agent has warned us that the seller will only proceed if we appoint the agent's preferred conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a high street conveyancer used to conveyancing in Bexley
It is unlikely the vendors are driving this. If they require ‘a quick sale', turning down a serious purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with finances in place © you are chain free (d) you wish to move quickly (e)however you are going to appoint your preferred Bexley conveyancing lawyers - not the ones that will give their estate agent a referral fee or meet his conveyancing targets demanded by senior management.
Having had my offer accepted I require leasehold conveyancing in Bexley. Before I get started I would like to find out the unexpired term of the lease.
If the lease is registered - and most are in Bexley - 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.
We have reached the end of our tether in trying to reach an agreement for a lease extension in Bexley. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a missing freeholder or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to judgment on the price payable.
An example of a Lease Extension case for a Bexley flat is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case related to 1 flat.
My parents are unable to locate their Bexley property on the HMLR site. They recall that sixty years ago when they bought the bungalow there were complications concerning the address not being identified on some systems.
The vast majority of premises in Bexley should be revealed. Have you endevoured to search to just the postcode. Ordinarily it should identify all the premises within that postcode. Where recorded it will be there with a title number. If they bought back in the 60’s it's conceivable it may be not yet registered. The property may still be revealed but with the title number shown 'na'. In this scenario you will need to find the original title papers which could be with your parent’s mortgage company.