Last month we had a mortgage agreed in principle with Yorkshire BS. Fortis Green conveyancing lawyers have been appointed. What is the average time that one could expect to receive a mortgage offer from Yorkshire BS?
There is no definitive answer here. Have Yorkshire BS completed the survey? Have you informed Yorkshire BS as to your lawyers' details and checked that your lawyers are on the Yorkshire BS conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
Completion of my remortgage has taken place for my property in Fortis Green. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Aldermore have agreed my mortgage in principle, my bid on a house in Fortis Green has been agreed to, now what?
Your estate agent will want to be informed of your property lawyer's details (make sure the solicitors are on the lender’s panel). Contact Aldermore or the financial adviser and complete any relevant forms. Aldermore will sellect a valuer who will get in contact with the estate agent or owners to schedule a time for the valuation to occur. Once conducted (assuming no problems) it takes approximately a week to get a mortgage offer. Aldermore will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Fortis Green.
It has been 3 months since my purchase conveyancing in Fortis Green completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am purchasing a new build house in Fortis Green benefiting from help to buy. The sellers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not inform my solicitor about this deal as it may affect my loan with Platform Home Loans Ltd. Should I keep quiet?.
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 decided to have a survey completed on a property in Fortis Green before appointing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some banks may refuse to give a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Fortis Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fortis Green to see if the conveyancing will be more expensive.
Can you offer any advice when it comes to finding a Fortis Green conveyancing practice to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Fortis Green conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Fortis Green conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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What are the charges for lease extension work?
I have had difficulty in negotiating a lease extension in Fortis Green. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We are happy to put you in touch with a Fortis Green conveyancing firm who can help.
An example of a Lease Extension case for a Fortis Green premises is 21 St Matthews Court Coppetts Road in February 2013. the applicant applied to the Tribunal for a determination of the premium payable for a lease extension pursuant to Section 48 of the Leasehold Reform (Housing and Urban Development ) Act 1993. The tribunal therefore ordered that the premium was to be £13,267. This case was in relation to 1 flat. The unexpired term as at the valuation date was 68 years.
We are FTB’s just having agreed a price on a property in Fortis Green, and need to get solicitors appointed. I have used the numerous comparison based websites and the results are from all over the country. Is it critical to have a Fortis Green solicitor local to your prospective new home? We are willing to do everything over email, but I guess at some point we may need to physically go into the property lawyer's office to sign documents?
Usually there is no need to attend the office of your property lawyer, they can post any relevant contracts to you, which you can sign and send back. Many buyers and sellers choose to use a locally based solicitor, but it is not essential for conveyancing in Fortis Green.