I plan on acquiring a flat in Chertsey. My Conveyancer is not listed on the lender solicitor list. Can I still appoint my Chertsey conveyancing solicitor even though they are excluded from the bank list of approved lawyers?
One must have a conveyancer to deal with the legal work required when you need a loan to purchase your home. The conveyancer will carry out all the appropriate due diligence on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage documentation is dealt with. One may select a Chertsey conveyancer of your choosing. Nevertheless, if the property lawyer appointed is not a member of the bank approved list further fees will be levied as separate legal representation will be need by the mortgage company. Lender panel applications may be submitted, so provided your lawyer has not previously applied for membership they can do so.
I have justbeen informed that Wolstenholmes have been shut down. They carried out my conveyancing in Chertsey for a purchase of a leasehold flat 18 months ago. How can I establish that my home is registered correctly in the name of the former proprietor?
The easiest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Chertsey conveyancing specialists.
I'm buying a new build house in Chertsey benefiting from help to buy. The sellers refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not inform my conveyancer about this deal as it may adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
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.
My brother has suggested that I appoint his conveyancing solicitors in Chertsey. Do I follow his guidance?
No doubt the best way to find a conveyancing practitioner is to have guidance from friends or relatives who have experience in using the solicitor that you are contemplating using.
I work for a reputable estate agency in Chertsey where we see a number of leasehold sales derailed due to short leases. I have been given contradictory information from local Chertsey conveyancing firms. Can you confirm 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 commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder 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.
Having spent months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Chertsey. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We are happy to put you in touch with a Chertsey conveyancing firm who can help.
An example of a Lease Extension decision for a Chertsey property is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case was in relation to 1 flat. The unexpired term as at the valuation date was 82.93 years.
My brother-in-law has suggested I instruct a conveyancing solicitor in Chertsey. I I would like to check if they are listed on the lender's conveyancing panel. Can you assist?
One option is to phone the solicitor to enquire if they are on the lender's panel. If that does not help call us and we can investigate and revert. Should the firm not be on the bank panel we can certainly arrange a specialist conveyancing solicitor in Chertsey on the panel for your mortgage company.