Much to our surprise we have been told by our lender that my Canterbury the law firm I have appointed is not on the mortgage company Solicitor panel. How can I check?
You need to call your Canterbury lawyer directly. You lawyer should inform you of the situation. Where they are not on the panel they may be able to suggest a Canterbury conveyancing firm that is on the approved list of lawyers for your mortgage company.
I am purchasing a new build house in Canterbury with a mortgage from Barnsley Building Society. The builders would not budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not reveal to my lawyer about this side-deal as it could jeopardize my mortgage with Barnsley Building Society. 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.
I have been on the look out for a ground for flat up to £305k and identified one near me in Canterbury I like with open areas and railway links nearby, however it only has 52 years on the lease. I can't really find anything else in Canterbury for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage the shortness of the lease will be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
Is there anything unique about your site and other web based conveyancing brokers when it comes to conveyancing in Canterbury?
At this site receive a fixed fee quote from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Canterbury. As opposed to estate agents and many comparison sites we are not in the business of charging firms a commission if you select them for your home move in Canterbury
My brother has urged me to appoint his conveyancing solicitors in Canterbury. Do I follow his guidance?
No doubt the best way to choose a conveyancing lawyer is to have feedback from friends or family who have actually previously instructed the firm you're contemplating using.
Jane (my partner) and I may need to rent out our Canterbury 1st floor flat for a while due to taking a sabbatical. We used a Canterbury conveyancing practice in 2001 but they have closed and we did not think at the time seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
Even though your previous Canterbury conveyancing solicitor is not available you can check your lease to check if it allows you to sublet the property. The rule is that if the lease is silent, subletting is allowed. There may be a precondition that you need to seek consent from your landlord or other appropriate person in advance of subletting. This means that you cannot sublet in the absence of first obtaining consent. The consent is not allowed to be unreasonably withheld. If the lease prohibits you from letting out the property you will need to ask your landlord for their consent.
I own a garden flat in Canterbury, conveyancing was carried out in 2009. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Canterbury with an extended lease are worth £180,000. The ground rent is £65 yearly. The lease ceases on 21st October 2084
With only 59 years remaining on your lease we estimate the price of your lease extension to range between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.