My financial adviser requires my Hornsey Rise law firm’s panel reference for the Santander conveyancing panel. Can you suggest how I discover this. I have tried my local Hornsey Rise office but they have not responded to me.
You are best placed to get this information from your Hornsey Rise property lawyer . They maintain a central record lender panel numbers.
I'm buying my first flat in Hornsey Rise with a loan from Aldermore. The sellers refused to move on the price so I negotiated £7000 of extras instead. The estate agent advised me not disclose to my conveyancer about the extras as it could impact my mortgage with the bank. 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.
Over the last few months I have been searching for a ground for flat up to £245,000 and found one near me in Hornsey Rise I like with a park and station nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Hornsey Rise in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will be problematic. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current 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 existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I was pointed in your direction by three or four local selling agents in Hornsey Rise to choose a conveyancer on your site. What’s the financial advantage for Estate Agents to market your site over another?
We don’t offer any commission for directing people in our direction. We thought it would be too underhand a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
As co-executor for the will of my grandmother I am disposing of a house in Cardiff but reside in Hornsey Rise. My conveyancer (approximately 250 miles awayhas requested that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Hornsey Rise who can attest and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are located in Hornsey Rise
Our lawyer in Hornsey Rise has identified a defect with the lease for the flat we are buying in Hornsey Rise. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer has advised that as he is on the lender conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or the bank?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Hornsey Rise conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the mortgage company are the client. The appropriate lender requirements must be adhered to by the mortgage company conveyancing panel who has to balance acting for you and the lender