Souldusing a Harrow on the Hill conveyancing firm make the ownership transfer smoother?
Generally conveyancing practitioners in your neck of the woods will benefit from excellent connections with your local authority, which can help with the Harrow on the Hill conveyancing searches that your conveyancer will inevitably need. It can only help if they enjoy good relationships with the Land Registry overseeing your area Harrow on the Hill, other conveyancers in the area and Harrow on the Hill property agents.
I am the registered owner of a freehold residence in Harrow on the Hill but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Harrow on the Hill and has limited impact for conveyancing in Harrow on the Hill 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 date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
Do I need to visit the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Harrow on the Hill so that I can attend their offices when needed.
Whereas this was necessary 12 years ago, the vast majority banks no longer need their conveyancing panel lawyer to witness the borrowers signature. It will still be necessary for you to hand over ID documents and there are still distinct benefits to choosing a locally based ayer, in your case a conveyancing solicitor in Harrow on the Hill.
I had a mortgage agreed in principle with Nottingham. Harrow on the Hill conveyancing practitioners were appointed. How long does it take for Nottingham to send the offer to the conveyancer?
There is no definitive answer here. Have Nottingham done the valuation? Have you advised Nottingham as to your lawyers' details and checked that your lawyers are on the Nottingham conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
My wife and I are spending time viewing flats in Harrow on the Hill and I am about to put in an offer. Is it too early to have a solicitor in place? I will be getting a home loan with Co-operative.
You should start requesting conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are obtaining a mortgage with Co-operative, ask your prospective lawyers if they are on the Co-operative conveyancing panel otherwise they can't do the mortgage legal work.
It is not clear whether my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Harrow on the Hill bank branch on a couple of occasions and was told it does not impact the mortgage offer and they will lend. My Harrow on the Hill conveyancing solicitor - who is on the mortgage company conveyancing panel- called to say that they refuse to lend based on their specific requirements. I have no idea who is right.
As long as the conveyancer is on the mortgage company approved list, she or he must comply with the Council of Mortgage Lenders’ Handbook requirements for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I'm buying my first flat in Harrow on the Hill with a loan from Yorkshire Building Society. The builders refused to budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not to tell my conveyancer about the side-deal as it could affect my mortgage with Yorkshire Building Society. 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.
Due to the guidance of my in-laws I had a survey completed on a house in Harrow on the Hill ahead of appointing solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some lenders may not give a loan on this type of home.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Harrow on the Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Harrow on the Hill to see if the conveyancing costs will increase in light of this.