It may have been a long time coming a mortgage offer from Nationwide for the refinancing of my 4 bedroom flat is due imminently. Are you able to put forward a low cost conveyancing practitioner in Grahame Park?
This site is not designed to assist those in their quest for cut-price fees for conveyancing solicitors in Grahame Park. Our aim is to provide cost effective conveyancing but our intention is not to work with the cheapest lawyers. Avoid the trap of appointing organisations enticing you with £100 conveyancing in Grahame Park. At best, in choosing a lawyer for cheap conveyancing, you will end up with what you pay for and at worst it will result in you invoiced for extras and still not end up with the service required.
I purchased a freehold house in Grahame Park but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Grahame Park and has limited impact for conveyancing in Grahame Park but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
A relative pointed out to me me that in purchasing a property in Grahame Park there may be various restrictions affecting the ability to carry out external alterations to the property. Is this right?
There are anumerous of properties in Grahame Park which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Grahame Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We previously selected conveyancers located in Grahame Park on the Nationwide solicitor approved list. They are now charging me a supplemental charge for the legal aspects of the Nationwide mortgage. Is this a supplemental conveyancing fee set by Nationwide?
Provided it is contained in their Terms of Engagement or estimate then yes your solicitor is entitled to levy a fee for this. This fee is not set by Nationwide but by your Grahame Park lawyer. Plenty of firms on the Nationwide panel will charge an ‘acting for lender’ fee and others do not.
We have agreed to purchase a house in Grahame Park. A rare aspect is that the roof has a solar panel. HSBC have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with HSBC your lawyer must comply with the conveyancing instructions outlined in Part 2 of UK Finance Lenders’ Handbook for HSBC. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and conveyancers are required to report to HSBC where a lease does not satisfy these provisions. The conditions relate to the installation of panels on properties in England and Wales and is not isolated to Grahame Park.
How does conveyancing in Grahame Park differ for newly converted properties?
Most buyers of new build property in Grahame Park approach us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Grahame Park typically buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Grahame Park or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Grahame Park ahead of instructing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies tend refuse to give a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Grahame Park. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to instruct a conveyancing solicitor for some conveyancing in Grahame Park. I happened to discover a web site which appears to be the perfect answer If it is possible to get all the legals completed via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?