I was advised yesterday by my financial adviser that my Lee solicitor is not on the mortgage company Conveyancing panel. What can I do to be sure that this is correct?
The first thing you need to do is to contact your Lee lawyer directly. You lawyer should notify you what has happened. If they are not on the panel they may recommend you to a Lee conveyancing practice that is on the conveyancing panel for your bank.
Can the conveyancing solicitors to be found on your site execute auction conveyancing in Lee?
There are a number of niche practitioners we can put you in touch with those conducting auction conveyancing. Lee is one of hundreds of locations where our lawyers have a presence.
We hope to to buy with Loughborough BS. I dropped in a couple of high street practices yet cant to find a Lee conveyancing firm on the Loughborough BS approved list. Please you help?
You should take advantage of the find a conveyancing panel solicitor tool on this site. Pick the mortgage company and type Lee or your location and you will see numerous conveyancers based in Lee or near you.
I am purchasing a new build house in Lee with a mortgage from National Westminster Bank. The builders refused to move on the price so I negotiated 6k of additionals instead. The estate agent told me not disclose to my conveyancer about the side-deal as it would affect my loan with the bank. 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 opted to have a survey completed on a property in Lee in advance of instructing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some lenders may refuse to give a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you call us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Lee. Conveyancing may be slightly more expensive based on your lender's requirements.
I am on look out for some leasehold conveyancing in Lee. Before I set the wheels in motion I want to be sure as to the remaining lease term.
If the lease is registered - and most are in Lee - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
We have reached the end of our tether in trying to purchase the freehold in Lee. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a absentee landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to decide the premium.
An example of a Freehold Enfranchisement decision for a Lee property is 18 Handen Road in April 2013. On 26 October 2012 District Judge Zimmels sitting at the Lambeth County Court made a Vesting Order that the Applicants be granted the right to acquire the freehold upon such terms and at such price determined by the LVT. The Tribunal arrived a figure of £39,535 as a valuation for the enfranchisement. This case affected 3 flats. The remaining number of years on the lease was 69.05 years.