We are purchasing a newly converted flat in Haddenham with a homeloan from Santander.We have a Haddenham conveyancing lawyer but Santander informed us his firm is not listed on their approved list of firms. we are left little option but to use a Santander panel firm or retain our preferred solicitor and pay for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Santander use our lawyer?
Unfortunately,no. The loan issued to you is subject to its various provisions, one of which will be that conveyancers will be on the Santander solicitor panel. Until recently, most banks had large numbers of solicitors on their panels: a borrower could find 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 lawyer to apply to be on the conveyancing panel for Santander
Various web forums that I have visited warn that are a common cause of delay in Haddenham house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Haddenham.
I am purchasing a new build house in Haddenham with the aid of help to buy. The sellers refused to move on the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative advised me not inform my solicitor about this extras as it would affect my mortgage with the lender. Should I keep quiet?.
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 decided to have a survey completed on a property in Haddenham ahead of instructing solicitors. I have been told that there is a flying freehold element to the house. My surveyor advised that some mortgage companies may not give a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Haddenham. Conveyancing may be slightly more expensive based on your lender's requirements.
My business partner and I are looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering competitive costs for commercial conveyancing in Haddenham for below 1500k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Haddenham, including the sale and acquisition of businesses as well as simply property. If you are looking to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right firm. Regarding the costs this will depend on the structure and nuances of the deal. Let us have your details or telephone us so that we can provide you with comprehensive commercial conveyancing quote.
What advice can you give us when it comes to finding a Haddenham conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for lease extension works (regardless if they are a Haddenham conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with several firms including non Haddenham conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be of use:
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Can they put you in touch with clients in Haddenham who can give a testimonial? If the firm is not ALEP accredited then what is the reason?
Haddenham Conveyancing for Leasehold Flats - Examples of Queries before buying
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It would be wise to discover as much as you can concerning the company managing the building as they will either make your life much easier or problematic. Being a leasehold owner you will be at the mercy of the managing agents from a financial perspective and when it comes to practical matters such as the cleanliness of the communal areas. Enquire of other people what they think of their management. Finally, find out the dates that you are obliged pay the service charge to the managing agents and precisely how they are spending that money. The prefered form of lease arrangement is if the freehold title is owned by the leaseholders. In this situation the tenants have being in charge if their destiny and notwithstanding that a managing agent is usually retained where it is bigger than a house conversion, the managing agent retained by the leaseholders. Is the freehold owned jointly by the leaseholders?