Would the conveyancing practitioners that you recommend handle right to buy conveyancing in Lee?
We do have a variety of conveyancing practitioners who can service right to buy conveyancing You should get in touch with us with a view to obtain a costs illustration.
About to place a bid on a leasehold property in Lee. The estate agents advise that it is normal for flats in Lee to have less than 75 years left on the lease. I am getting a mortgage with Platform. Is this going to be a problem if the lease has Seventy One years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 23/12/2024 the requirements read as follows :
I'm purchasing my first flat in Lee benefiting from help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not disclose to my conveyancer about this side-deal as it will affect my mortgage with the lender. 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 advice of my in-laws I had a survey completed on a house in Lee ahead of instructing conveyancers. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some banks tend refuse to give a mortgage on such a property.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Lee. Conveyancing may be slightly more expensive based on your lender's requirements.
My brother has suggested that I appoint his lawyers for conveyancing in Lee. Should I choose my own solicitor?
Much as we are happy to recommend a Lee conveyancing lawyer the best way to choose a conveyancing lawyer is to seek referrals from friends or relatives who have actually previously instructed the solicitor that you are considering.
My partner and I are buying a garden flat in Lee. When we first instructed conveyancer, they said that they were on all major UK mortgage company panels. The mortgage broker emailed just now to say that they don't seem to be on the Kent Reliance approved list. Were it to be true, what should we do? Should we simply pick a new property lawyer that is on their approved list or do we cover the costs for separate representation, with Kent Reliance appointing their own preferred conveyancing practitioner.
If you are purchasing a property requiring a mortgage it is usual for the buyer’s lawyers to also represent the purchaser's lender. In order to act for a bank or building society a conveyancer has to be on that lender's conveyancing panel. An application has to be made by the conveyancing practitioner to the lender to become a member of the lender's panel and there are increasingly strict criteria which the solicitor has to satisfy. Some banks now insist their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your property lawyer should call Kent Reliance to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Kent Reliance's conveyancing panel and you may continue to use your own Lee solicitors, in which case it will likely add costs, and it will likely delay the transaction as you are adding another conveyancing practitioner into the equation.