I am obtaining a mortgage offer from Halifax. I hope to enlist the help of a Licensed Conveyancer in Hanham. Does the Halifax Conveyancing panel exclude conveyancers regulated by the CLC?
The Halifax approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
Is there a reason why leasehold purchase conveyancing in Hanham is more expensive?
Hanham leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I'm buying my first flat in Hanham with the aid of help to buy. The developers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not disclose to my conveyancer about this deal as it could jeopardize my mortgage with the bank. Is this normal?.
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 have been on the look out for a ground for flat up to £305k and identified one near me in Hanham I like with a park and railway links nearby, the downside is that it's only got 51 years on the lease. There is not much else in Hanham in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years will be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I'm converting the mortgage on my primary home to a buy to let mortgage with Accord Mortgages Ltd and I will use the rest of the raised equity as a down payment on further property. The location we are talking about is Hanham. Will your solicitors be able to act for the two banks and tie in the conveyances?
Do use our search tool on this page to be sure that the conveyancers are approved by both mortgage companies. Assuming that they are your conveyancer should be able to connect the two conveyancing matters but you should talk with you solicitor and communicate your desired outcome and requirements.
I need to instruct a conveyancing solicitor for freehold conveyancing in Hanham. I happened to stumble across a site which seems to have the perfect answer If there is a chance to get all this stuff completed via phone that would be ideal. Do I need to be wary? What should out be looking out for?
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?