Do I have to visit the offices of the solicitor to sign the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Harrow Weald so that I can attend their offices if required.
Whereas this was necessary 12 years ago, most banks no longer require their conveyancing panel lawyer to witness the mortgagors signature. It will still be necessary for you to supply ID documents and there are still distinct advantages to choosing a local practitioner, in your case a conveyancing solicitor in Harrow Weald.
Me and my brother have a 4 bedroom Victorian property in Harrow Weald. Conveyancing solicitor acted for me and The Royal Bank of Scotland. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the exact same property. Is it worth asking The Royal Bank of Scotland to clarify?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Harrow Weald and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing solicitor who conducted the conveyancing.
I'm buying a new build house in Harrow Weald with a mortgage from Yorkshire Building Society. The sellers would not reduce the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not to tell my solicitor about this side-deal as it would affect my loan with the lender. Do I keep my lawyer in the dark?.
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'm refinancing my current home to a buy to let loan with Clydesdale and intend to use the remaining equity towards another house. The neighborhood we are interested in is Harrow Weald. Will your conveyancers be able to act for both sets of lenders and tie in the transactions?
Do use our search tool on this site to ensure that the conveyancers are approved by both mortgage companies. On the basis that they are your solicitor will be able to simultaneously deal with the two transactions but you should have a chat with you lawyer and communicate your expectations and needs.
My husband and I are 3 weeks into a residential purchase having been directed to solicitors by the selling agent to do our conveyancing in Harrow Weald. I am am very disappointed with the quality of service. Can you you assist me in finding new solicitors?
A lawyer would have to be very poor in order to consider replacing them. Has your mortgage been issued? If so you must make them aware of the new contact details and get the offer are re-issued. The conveyancer should be on the banks approved list to avoid escalating charges and delays. So that should be your starting point. Our search tool will assist you in finding a bank approved conveyancer for your home move in Harrow Weald
I am employed by a busy estate agency in Harrow Weald where we see a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have been given contradictory information from local Harrow Weald conveyancing firms. Can you clarify whether the seller of a flat can initiate the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Harrow Weald conveyancing firm to act on my behalf?
Where there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to calculate the sum to be paid.
An example of a Lease Extension decision for a Harrow Weald property is flat 93b Welldon Crescent in May 2009. The Tribunals valuation for a 90-year lease extension of this fat was £13,171 This case related to 1 flat. The unexpired term as at the valuation date was 75.25 years.