My husband and I are purchasing a new build duplex in Mottingham and my lawyer is telling me that she has to the mortgage company to disclose incentives from the developer. I am under pressure to sign contracts and I have no desire to prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I have justbecome aware that Arc property Solicitors have been shut down. They carried out my conveyancing in Mottingham for a purchase of a leasehold apartment 9 months ago. How can I establish that my home is in my name in the name of the former proprietor?
The easiest method to check if the property is in your name, you can make 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 Mottingham conveyancing specialists.
I opted to have a survey carried out on a house in Mottingham ahead of retaining solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies may refuse to give a mortgage on this type of property.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. If you call us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Mottingham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Mottingham to see if the conveyancing costs will increase in light of this.
I am looking into buying my first house which is in Mottingham and I am already nervous. I couldn't find anything specific about Mottingham. Conveyancing will be needed in due course but do you know about the Mottingham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Mottingham. In the meantime here are some basic statistics that we found
I've recently bought a leasehold property in Mottingham. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the proprietor of a two-bedroom flat in Mottingham. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
Most certainly. We are happy to put you in touch with a Mottingham conveyancing firm who can help.
An example of a Lease Extension decision for a Mottingham residence is 49 Woodstock Court Burnt Ash Hill in May 2012. the payment of £64,116 by the leaseholder was the premium which the Tribunal found due for the lease extension in this case. This case was in relation to 1 flat. The remaining number of years on the lease was 23.26 years.
What type of property do your Mottingham conveyancing quotes apply to?
Our conveyancing quotes are only applicable to standard domestic homes in England & Wales. Where you have any different needs for instance industrial or agricultural land or commercial conveyancing in Mottingham please contact us to consider your requirements .