Much to our surprise we have been advised by our financial adviser that my Morley the law firm I have appointed is not on the bank Solicitor panel. How can I check?
You need to contact your Morley lawyer directly. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
I'm buying a new build house in Morley with a loan from Bank of Scotland. The developers refused to budge the amount so I negotiated 6k of extras instead. The property agent advised me not disclose to my lawyer about this extras as it will impact my loan with Bank of Scotland. 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 selling my house. My former lawyers have shut. I am in need of a recommendation of a conveyancing firm. Im based in Morley if that makes a difference.
Please use our search tool to help you choose a solicitor for your conveyancing in Morley. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
My husband and I are FTB’s - agreed a price, yet the agent has warned us that the seller will only move forward if we instruct the agent's preferred solicitors as they need a ‘quick sale’. Our preferred option is to instruct a family solicitor used to conveyancing in Morley
We suspect that the seller is unaware of this ultimatum. Should the seller require ‘a quick sale', alienating a motivated purchaser is counter productive. Try to communicate with the vendors directly and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you are going to appoint your preferred Morley conveyancing firm - not the ones that will provide the estate agent a commission or meet his conveyancing figures set by head office.
What are the frequently found deficiencies that you witness in leases for Morley properties?
Leasehold conveyancing in Morley is not unique. Most leases are individual and legal mistakes in the legal wording can result in certain sections are not included. For example, if your lease is missing any of the following, it could be defective:
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Clauses dealing with recovering service charges for expenditure on the building or common parts. Service charge per centages that don't add up correctly leaving a shortfall
You will encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Accord Mortgages Ltd, Leeds Building Society, and Godiva Mortgages Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, forcing the purchaser to pull out.
I acquired a studio flat in Morley, conveyancing was carried out half a dozen years ago. How much will my lease extension cost? Corresponding flats in Morley with an extended lease are worth £195,000. The ground rent is £45 per annum. The lease finishes on 21st October 2086
You have 62 years remaining on your lease we estimate the price of your lease extension to span between £17,100 and £19,800 plus professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
After what feels like an age I have had an offer on an apartment in Morley agreed to, the owner does nevertheless have a tied purchase. The owners have offered on somewhere, although it’s not been accepted yet, and has viewings of other apartments in the pipeline. I have chosen a nearby conveyancing solicitor in Morley. What do I do now? When do I get the mortgage application with Leeds Building Society started with Leeds Building Society?
It is normal to have anxieties where there is an associated chain as you are unlikely to want to be too out of pocket too early (home loan application is approx £1k, then survey, Morley conveyancing search costs, etc). First, you should check that your lawyer is on the Leeds Building Society conveyancing panel. As to the subsequent steps this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. In a buoyant market some buyers would apply for a home loan with Leeds Building Society and pay for the valuation and only if it was satisfactory would they pay their property lawyer to proceed with the conveyancing in Morley.