I am purchasing a maisonette in Honor Oak. My Conveyancer is not listed on the lender conveyancing list. Can I still retain my Honor Oak conveyancing solicitor even though they are excluded from the bank approved list?
One must have a lawyer to deal with the formalities if you need a loan to buy your property. They will conduct all the relevant legal checks on the property, make sure that you’re properly registered as the owner and ensure that all the necessary mortgage paperwork is in place. One can select a Honor Oak conveyancer of your choice. Nevertheless, if the property lawyer appointed is not a member of the bank conveyancing panel supplemental fees will be incurred as separate legal representation will be required by them. Conveyancing panel applications may be submitted, so if your conveyancer has not historically sought membership they can do so.
Would the conveyancing lawyers that you recommend conduct attended exchange conveyancing in Honor Oak?
We do have a number of conveyancing specialists who can conduct personalised exchanges. You should contact us to get a costs illustration and details as to availability.
I am buying a new build house in Honor Oak with a loan from Norwich and Peterborough Building Society. The builders refused to reduce the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not inform my conveyancer about the extras as it would adversely affect my loan with Norwich and Peterborough Building Society. Is this normal?.
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 input of my in-laws I had a survey completed on a property in Honor Oak prior to instructing solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some banks tend refuse to grant a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Honor Oak. Conveyancing may be slightly more expensive based on your lender's requirements.
I was pointed in your direction by a couple of local property agents in Honor Oak to select a property lawyer using your seach tool. Is there a financial advantage for Estate Agents to offer your services ahead of alternative conveyancing organisations?
We don’t offer any commission for directing people our way. We thought it would be too underhand to pay a commission because members of the public would think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
Back In 2000, I bought a leasehold flat in Honor Oak. Conveyancing and Birmingham Midshires mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Honor Oak who acted for me is not around. Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to instruct a Honor Oak conveyancing practitioner to do this as it can be done on-line for a few pound. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Following years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Honor Oak. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We are happy to put you in touch with a Honor Oak conveyancing firm who can help.
An example of a Lease Extension case for a Honor Oak property is Flat 1 40-42 Ewelme Road in August 2012. the Tribunal assessed the premium for the lease extension in the sum of £11,800 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 61.81 years.