Having sold my house in Esher and Claygate last April yet the purchaser is whats apping daily to moan that his conveyancer needs to hear from mysolicitor. What are the post completion sale formalities following completion?
Following your disposal your lawyer should deliver the transfer deeds and all of the paperwork to the purchaser's solicitors. If applicable, your lawyer must also confirm that the legal charge in favour of the lender has been paid off to the buyers lawyers. There is unlikely to be post completion steps unique to conveyancing in Esher and Claygate.
We are purchasing a purpose built flat in Esher and Claygate with a residential mortgage from Nationwide Building Society.We would like to retain our Esher and Claygate conveyancing practitioner but Nationwide Building Society says he's not on their approved list of member firms. We have to appoint a Nationwide Building Society panel firm or keep our local solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Nationwide Building Society use our lawyer?
Unfortunately,no. The mortgage offered to you contains various provisions, a common one being that solicitors needs to be on the Nationwide Building Society conveyancing panel. Until recently, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Nationwide Building Society
I am purchasing my first flat in Esher and Claygate with a loan from Barclays Direct. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent told me not reveal to my conveyancer about this side-deal as it would impact my loan with the lender. Is this normal?.
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.
I have been on the look out for a ground for flat up to £305k and identified one close by in Esher and Claygate I like with amenity areas and railway links in the vicinity, however it's only got 61 years unexpired on the lease. I can't really find anything else in Esher and Claygate suitable, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the shortness of the lease will be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
My cousin has suggested that I instruct his conveyancers in Esher and Claygate. Do I follow his recommendation?
No doubt the ideal way to choose a conveyancing lawyer is to have recommendations from friends or relatives who have actually previously instructed the conveyancer that you are considering.
Looking forward to complete next month on a leasehold property in Esher and Claygate. Conveyancing lawyers assured me that they report fully within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Esher and Claygate should include some of the following:
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You would want to be sent a copy of the lease Does the lease prevent you from subletting the property, or working from home The total ownership of the demise. This might be the property itself but may include a roof area or cellar if appropriate. Ground rent - what is payable and what the invoice dates are, and be on notice if this is subject to change Will you be prohibited or prevented from having pets in the property?
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Esher and Claygate conveyancing firm to act on my behalf?
You certainly can. We are happy to put you in touch with a Esher and Claygate conveyancing firm who can help.
An example of a Lease Extension decision for a Esher and Claygate premises is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case affected 1 flat.