Are all Maida Vale Conveyancing Quality Solicitors on the Coventry BS conveyancing panel?
A selection of lenders now utilise CQS as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to join their panels.
I recently had an offer agreed on an apartment in Maida Vale. My financial adviser suggested a conveyancer. I paid an on account payment of £175. A few days later, the lawyer contacted me to say that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Bank of Ireland have agreed my mortgage in principle, my bid on a property in Maida Vale has been accepted, now what?
Your estate agent will need to be informed of your property lawyer's details (ensure that the conveyancing practitioners are on the bank’s approved list). Call up Bank of Ireland or your broker and finalise any relevant documentation. Bank of Ireland will appoint a valuer who will get in touch with the estate agent or seller to schedule a slot for the valuation to occur. Once carried out (assuming no problems) it takes about ten days for the mortgage offer to be issued. Bank of Ireland will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Maida Vale.
I am purchasing a new build house in Maida Vale with a mortgage from HSBC Bank. The sellers refused to move on the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep suggested that I not to tell my conveyancer about the deal as it would jeopardize my mortgage with HSBC Bank. 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. Maida Vale is the location of the property. Can you shed any light on this issue?
Flying freeholds in Maida Vale are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Maida Vale you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maida Vale may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
What is different about your site and other web based conveyancing brokers when it comes to conveyancing in Maida Vale?
At this site obtain an accurate quote via a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Maida Vale. As opposed to estate agents and many comparison sites we do not have kick-back arrangements with solicitors. Many agents and online brokers 'recommend' the firm that pays the most kickback, rather than the best value conveyancing in Maida Vale
I own a leasehold house in Maida Vale. Conveyancing and Chelsea Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Maida Vale who previously acted has now retired. Any advice?
First make enquiries of HMLR to be sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Maida Vale conveyancing firm to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the leaseholder of a garden flat in Maida Vale. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
You certainly can. We can put you in touch with a Maida Vale conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Maida Vale premises is 4 & 4A Charteris Road in June 2009. the Tribunal held that the price to be paid for the enfranchisement of 4/4a Charteris Road to be £15,510 for at 4and £15,694 for at 4a This case affected 2 flats. The unexpired term was 70.02 years.
Our bank agreed in principle to give us a mortgage. We are using a high street conveyancer in Maida Vale two days ago. This morning, our mortgage adviser called to say that the bank said that we cannot use our solicitor as they aren't on their 'approved list'. As novices, we did not have a clue that the mortgage company had a say Is this legal?
You can actually choose any conveyencer you want to appoint including the said conveyancer in Maida Vale nevertheless if they are not on the your bank's panel you must pay an extra fee so the bank can retain their own conveyancer too. It may be conceivable that your preferred conveyancing firm to get added to the mortgage company panel. You can use online search facilities such as lenderpanel.com to find a conveyancing solcitor in Maida Vale on the lender panel. You can go into your high street bank branch in Maida Vale. They can recommend conveyancing solicitors in Maida Vale on the panel for your bank.