My previous solicitor has quoted £1400 for fixed fee conveyancing in Caterham. I am hoping to downsize from a modern property for £300,000. This seems overpriced. Is it above the average fee for conveyancing in Caterham?
The estimate does seem marginally overpriced. If you shop around you may be able to decrease the fees marginally by perhaps £125. On the other hand, you mightlive to rue opting for an a cheaper conveyancer. Remember to ensure the conveyancer can also act for your lender. You can make use of our search tool to locate a Caterham conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Caterham.
My partner and I are buying a new build apartment in Caterham and my solicitor is telling me that she has to the bank to disclose incentives from the seller. I am nearing the developer’s deadline to exchange and I don't want to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
What does my ID and proof of funds have anything to do with my conveyancing in Caterham? Is this really necessary?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Terms of Engagement that you are required to sign should confirm this. Your lender will also require certain documents to be viewed. Where you refuse to provide identification documents, your lawyer can not take you on as a client.
My mortgage company has recommended solicitors on their panel based in Caterham but I would rather choose a conveyancing lawyer in Caterham local to me. Are you able to assist?
It is by no means the case that all Caterham conveyancing solicitors are on all lender’s conveyancing panel. Use the above search tool to choose a Caterham conveyancing solicitor on the on the lender panel.
I am employed by a reputable estate agency in Caterham where we have witnessed a few leasehold sales jeopardised due to leases having less than 80 years remaining. I have received conflicting advice from local Caterham conveyancing solicitors. Could you clarify whether the owner of a flat can initiate the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
An alternative approach is 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 buyer.
I am the proprietor of a ground floor flat in Caterham. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
Most certainly. We can put you in touch with a Caterham conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Caterham flat is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case related to 3 flats. The remaining number of years on the lease was 75 years.
My lender have just issued us with a mortgage offer. We appointed a reputable conveyancer in Caterham yesterday. A couple of hours ago, our mortgage adviser contacted us saying that the mortgage company said that we cannot use our solicitor as they aren't on their 'approved list'. As novices, we had no idea that the lender had some control over our choice Is this allowed?
You are permitted to instruct any conveyancing solicitor you wish to use for your conveyancing in Caterham nevertheless if they are not on the your bank's approved list you will have to fork out an extra fee so the mortgage company can retain their own solicitors as well to protect their interest. On occasion it is possible your preferred conveyancing firm to get added to the lender panel. You can use web-based tools including lenderpanel.com to find a conveyancing solcitor in Caterham on the lender panel. You can go into your local lender branch in Caterham. They will know some good conveyancing solicitors in Caterham on the bank panel.