A loan agreement from NatWest for the remortgage of my 2 bedroom apartment is coming any day now. Are you able to propose a cheap conveyancing practitioner in Cudham?
This site is not designed to help those in pursuit of the lowest fares for conveyancing in Cudham. Our aim is to provide affordable conveyancing but we do not aim to advertise as being the cheapest. Avoid the trap of appointing companies enticing you with £99 conveyancing in Cudham. Optimistically, in deciding on low cost conveyancing, you will receive what you pay for and at worst it will result in you being stung for extras and still not end up with the service you were hoping for.
All was ready to move into my new home in Cudham next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What does the insurance need to cover?
All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook conditions. These requirements are not specific to conveyancing in Cudham.
Is there a search tool that I can use to discover of the solicitor handling my conveyancing in Cudham is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Yorkshire Building Society thus spending £175.00 in further conveyancing bill.
Please do take advantage of the search tool on this web page. Pick the mortgage company and type ‘Cudham’ or your location and you will be presented with a number of lawyer offices in Cudham or nearest you.
A friend pointed out to me me that in buying a property in Cudham there may be a number of restrictions limiting what one can do in terms of external changes to a property. Is this right?
There are anumerous of properties in Cudham which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Cudham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have today made my last payment due on my mortgage with Barclays. I assume I don't need a Cudham lawyer on the Barclays panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Barclays mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Barclays mortgage from the register. Barclays, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
Completion of my remortgage has taken place for my property in Cudham. Conveyancing was satisfactory but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. In most cases complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I am looking for a leasehold apartment up to £305k and identified one round the corner in Cudham I like with a park and transport links nearby, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Cudham for this price, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
I am looking at a two flats in Cudham both have in the region of fifty years remaining on the lease term. Do I need to be concerned?
A lease is a right to use the property for a prescribed time frame. As a lease shortens the value of the lease deteriorates and results in it becoming more expensive to extend the lease. For this reason it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We recommend you seek professional help from a conveyancer and surveyor with experience in this area.
After months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Cudham. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing landlord or where there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to decide the price payable.
An example of a Lease Extension matter before the tribunal for a Cudham residence is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The unexpired residue of the current lease was 50.57 years.