The loan agreement from NatWest for the refinancing of my 2 bedroom apartment is due any day now. Are you able to recommend a cheap conveyancing solicitor in Malden?
This site is not designed to assist those in their quest for a cheap conveyancing in Malden. Our goal is to offer cost effective conveyancing but we do not aim to work with the cheapest lawyers. Avoid the trap of appointing brokers enticing you with £99 conveyancing in Malden. At best, in going for cheap conveyancing, you will earn what you pay for and at worst you will end up with a surprising uplift in additional fees and still not receive the service required.
The Malden conveyancing firm handling our Malden conveyancing has discovered an inconsistency between the information in the home valuation report and what is in the conveyancing documents. My lawyer has advised that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my solicitor’s course or action appropriate?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am thinking of refinancing my flat in Malden, does my lawyer need to be on the Yorkshire BS Conveyancing panel?
There is nothing to stop you using your solicitor, but Yorkshire BS will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am expecting a DIP from TSB this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do TSB recommend any Malden solicitors on the TSB conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Malden solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
I have a mortgage with Clydesdale for my property in Malden. Conveyancing was finalised some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Clydesdale?
You must advise Clydesdale prior to letting out your property as this is likely to be a breach of Clydesdale’s mortgage conditions. It may be that Clydesdale will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Clydesdale directly. It should not be necessary to do this via a Clydesdale conveyancing panel solicitor.
I was told two weeks ago that my mortgage has been agreed to by HSBC. Is it usual for HSBC to only issue the offer once my solicitor in Malden is approved on their conveyancing panel? HSBC have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for HSBC to deal with your lawyer's application to be on the HSBC conveyancing panel. There's no guarantee that your solicitor will be accepted.
Hoping to buy a property located in Malden and I am already nervous. I couldn't find anything specific about Malden. Conveyancing will be needed in due course but do you know about the Malden area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Malden. In the meantime here are some basic statistics that we found
Completion is due on the sale of our £300,000 flat in Malden in just under a week. The managing agents has quoted £360 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Malden?
Malden conveyancing on leasehold apartments more often than not requires the buyer’s solicitor submitting enquiries for the landlord to address. Although the landlord is not legally bound to address such questions the majority will be content to assist. They are at liberty to charge a reasonable administration fee for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some transactions it exceeds £800. The administration charge invoiced by the landlord must be accompanied by a synopsis of entitlements and obligations in relation to administration charges, otherwise the charge is not strictly payable. Reality however dictates that you have little option but to pay whatever is requested of you should you wish to exchange contracts with the buyer.
Following years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Malden. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We can put you in touch with a Malden conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Malden residence is 158 West Hill in November 2010. the Tribunal held that the premium to be paid for the freehold reversion should be £99,650 This case affected 7 flats. The unexpired residue of the current lease was 75.88 years.