I am in the throes of transferring my current homeowner home loan to a Buy to Let Nationwide Building Society mortgage. The bank has said that I require a conveyancer as part of the process. I had a chat my former Havering conveyancing firm who acted on my behalf when I first acquired the house. The quote issued of just over five hundred pounds is surprising as its a refinance than a sale or purchase.
The estimate does seem a tad on the high side. If you shop around you could trim some of the cost by as much as a hundred pounds. On the other hand, assuming were happy with the assistance the firm offered you couldcome to rue choosing an an unknown lawyer. Remember to enquire the solicitor can represent Nationwide Building Society. You can make use of our search tool to locate a Havering conveyancing firm on the Nationwide Building Society member panel, which can often include conveyancing solicitors in Havering.
We were just about to exchange contracts for a garden flat in Havering. We encountered a stumbling block. Our mortgage offer with Barclays runs out on 26/8/2025 but the owners are suggesting a completion date of 28/8/2025. Is it possible to extend the mortgage expiry date?
The person best placed to address this concern is your solicitors who should assess whether he or she is better off negotiating with the mortgage company, vendor’s solicitors, estate agents or indeed all three given the history of your transaction as of today.
Should my lawyer be raising enquiries regarding flooding during the conveyancing in Havering.
The risk of flooding is if increasing concern for lawyers carrying out conveyancing in Havering. Plenty of people will purchase a property in Havering, completely expectant that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, however there are a various searches that can be initiated by the buyer or by their lawyers which can figure out the risks in Havering. The conventional set of completed inquiry forms given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the vendor to find out whether the premises has ever been flooded. In the event that flooding has previously occurred and is not notified by the owner, then a purchaser may commence a compensation claim stemming from an inaccurate response. A purchaser’s conveyancers may also commission an enviro report. This should reveal if there is any known flood risk. If so, additional investigations should be initiated.
I am buying my first flat in Havering with a loan from Platform Home Loans Ltd. The developers refused to move on the price so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not disclose to my lawyer about this extras as it could affect my loan with Platform Home Loans Ltd. 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Havering before instructing lawyers. I have been told that there is a flying freehold element to the house. My surveyor advised that some mortgage companies may not issue a mortgage on such a house.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Havering. Conveyancing may be slightly more expensive based on your lender's requirements.
We are 14 days into a leasehold purchase having been directed to solicitors by the high street agent to execute conveyancing in Havering. I am not happy. Can you help me find new lawyers?
A solicitor would need to be really bad in order to consider replacing them. Has your mortgage been sent? If so you need to inform them of the new solicitor and ensure the offer are re-issued. Your new conveyancer should be on the mortgage company panel to avoid added costs and complications. So that should be your first question of the new solicitors. Our find a solicitor tool can assist you in finding a lender approved lawyer for your conveyancing in Havering