My husband and I are nearing an exchange on a property in Dollis Hill and my mum and dad have sent the ten percent deposit to my solicitor. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my lender. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your conveyancing practitioner is duty bound to check with lender to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
This question may be naive but I am unexperienced as a 1st time purchaser of a garden flat in Dollis Hill. Do I receive the keys to the premises on completion from my solicitor? If this is the case, I will instruct a High Street conveyancing solicitor in Dollis Hill?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the purchase money to the vendor’s conveyancers, and shortly after the monies have arrived, you will be invited to receive the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
We had chosen conveyancers locally in Dollis Hill on the HSBC solicitor approved list. They are now charging me a further charge for dealing with the HSBC mortgage. Is this a supplemental conveyancing fee set by HSBC?
As unfair as it may appear, as long as it’s in their Terms of Engagement or Quote then yes your lawyer is entitled to levy a fee for this. This fee is not set by HSBC but by your Dollis Hill property lawyer. Numerous firms on the HSBC panel will quote ’dealing with mortgage’ fee but many practices include it on their overall fee.
Principality have agreed my home loan in principle, my bid on a house in Dollis Hill has been agreed to, what are the next steps?
Your estate agent will want to be advised as to your property lawyer's details (be sure the lawyers are on the bank’s approved list). Telephone Principality or the broker and finalise any appropriate documentation. Principality will appoint a valuer who will get in touch with the estate agent or vendor to schedule a time for the valuation to occur. Once conducted (assuming no problems) it takes on average ten days to receive the mortgage offer. Principality will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Dollis Hill.
I'm buying a new build house in Dollis Hill with the aid of help to buy. The developers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not to tell my lawyer about the side-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 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'm converting the mortgage on my current house to a buy to let loan with Aldermore and I will use the ballance of the raised equity towards further property. The location we are interested in is Dollis Hill. Will your lawyers be able to act for both sets of mortgage companies and link together the transactions?
Do use our comparison tool on this site to check that the solicitors are approved by both banks. On the basis that they are your solicitor should be able to connect the two deals but you should have a chat with you conveyancer and communicate your expectations and needs.
I am looking at a two maisonettes in Dollis Hill both have approximately 50 years left on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a prescribed time frame. As the lease gets shorter the saleability of the lease decreases and results in it becoming more expensive to acquire a lease extension. This is why it is often a good idea to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage lenders may be unwilling to lend money on such properties. Lease extension can be a difficult process. We recommend you get professional assistance from a conveyancer and surveyor with experience in this arena.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Dollis Hill conveyancing firm to help?
Absolutely. We can put you in touch with a Dollis Hill conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Dollis Hill premises is 12 & 12A Deacon Road in May 2010. the Tribunal concluded that the price to be paid for the freehold should be £38,287 This case related to 2 flats. The unexpired term was 65.58 years.
If instructed can a conveyancer remove a person from the title of my home in Dollis Hill ?
Subtracting or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a conveyancer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a conveyancing practitioner