Do I need to have a meeting at the offices of the solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Castle Donington so that I can pop in to their offices when needed.
Whereas this was necessary ten years ago, almost all lenders no longer require their conveyancing panel lawyer to witness the mortgagors signature. You will still be obliged to hand over identification documents and there are still manifest advantages to choosing a local ayer, in your case a conveyancing solicitor in Castle Donington.
I can see plenty of information on this site about conveyancing in Castle Donington but can you isolate your top tip for choosing the right conveyancer in Castle Donington
Do not opt for the lowest Castle Donington conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
We are getting a further advance on our home loan from Kent Reliance as we want to carry out renovations to our house in Castle Donington. Do we need to choose a nearby Castle Donington solicitor on the Kent Reliance conveyancing panel to handle the legals?
Kent Reliance would not normally appoint firms on their conveyancing panel to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Kent Reliance list.
I have instructed a Castle Donington property lawyer having made sure that they are on the Bank of Ireland conveyancing panel. Does my lawyer arrange the survey of the property?
Bank of Ireland will need an independent valuation of the property. Your lawyer will not arrange this. Usually Bank of Ireland will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Castle Donington postcode. As you are getting a mortgage with Bank of Ireland, you could contact them to see if they have a list of approved surveyors in Castle Donington.
I'm purchasing my first flat in Castle Donington benefiting from help to buy. The builders would not budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not disclose to my conveyancer about this side-deal as it could jeopardize 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.
Due to the advice of my in-laws I had a survey completed on a property in Castle Donington prior to appointing lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies tend refuse to grant a loan on this type of house.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Castle Donington. Conveyancing may be slightly more expensive based on your lender's requirements.
How easy is it to use the search app to locate a conveyancing practitioner in Castle Donington on the authorised to act for my mortgage?
1st choose a lender such as Lloyds TSB Bank, Bank of Scotland or Nottingham Building Society then specify your preferred area for instance Castle Donington. Conveyancing firms in Castle Donington and nationally should be shown.
I work for a long established estate agent office in Castle Donington where we see a number of flat sales jeopardised due to leases having less than 80 years remaining. I have received conflicting advice from local Castle Donington conveyancing solicitors. Please can you confirm whether the seller of a flat can commence the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Castle Donington Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
-
Who is in charge of the block? Is there a share of the freehold?