My husband and I are purchasing a newly converted flat in Mitcham Junction with a residential mortgage from Virgin Money.We would like to retain our Mitcham Junction conveyancing practitioner but Virgin Money informed us she’s not on their "panel". It seems we have little choice but to instruct a Virgin Money panel lawyer or keep our local solicitor and fork out for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan issued to you is subject to its various provisions, one of which will be that conveyancers needs to be on the Virgin Money solicitor panel. in the past, most banks had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Virgin Money
A colleague pointed out to me me that in purchasing a property in Mitcham Junction there may be a number of restrictions prohibiting external changes to a property. Is this right?
There are a number of properties in Mitcham Junction which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Mitcham Junction should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We are buying a end of terrace house in Mitcham Junction. The intention is to carry out an extension to the side at the property.Will legal work on the property involve enquiries to ascertain if these works are permitted?
Your conveyancer will check the deeds as conveyancing in Mitcham Junction can sometimes reveal restrictions in the title documents which restrict categories of alterations or require the consent of another owner. Some extensions need local authority planning consent and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor ahead of any purchase.
I am due to exchange contracts on my house. I had a double glazing fitted in November 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Aldermore are being difficult. The Mitcham Junction solicitor who is on the Aldermore conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Aldermore are insisting on a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have justbecome aware that Action Conveyancing have closed. They carried out my conveyancing in Mitcham Junction for a purchase of a freehold house 9 months ago. How can I be sure that my home is in my name in the name of the previous owner?
The quickest method to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Mitcham Junction conveyancing specialists.
I'm purchasing a new build house in Mitcham Junction with a mortgage from Yorkshire Building Society. The builders would not move on the amount so I negotiated £7000 of additionals instead. The house builders rep suggested that I not reveal to my conveyancer about the side-deal as it will adversely affect my mortgage with Yorkshire Building Society. 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.
I am looking for a ground for flat up to £235,500 and found one close by in Mitcham Junction I like with amenity areas and station in the vicinity, however it's only got 51 years on the lease. There is not much else in Mitcham Junction for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be problematic. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I am downsizing from my home. My previous conveyancers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Mitcham Junction if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Mitcham Junction. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.