Recently been in touch with my conveyancing lawyer in New Addington who conducted the legals two years ago asking for a conveyancing quote based on the same type of home move (a leasehold residence and a freehold property) of almost identical values with a mortgage from Barnsley Building Society. I am now being charged double. Am I right to be tempted to shop around for a cheaper internet firm of conveyancing solicitor?
The estimate does seem a little steep. If you are prepared to invest time contrasting costs you may be able to reduce the fees marginally by as much as £100 plus VAT. On the other hand, providing that you were pleased with the legal work the firm offered you mightcome to regret opting for an an untested lawyer. If is important to be sure that the conveyancer can also act for Barnsley Building Society. Do use our search tool to choose a New Addington conveyancing firm on the Barnsley Building Society member panel, which can often include conveyancing solicitors in New Addington.
we are a couple who intend to purchase a newly converted apartment in New Addington with a homeloan from Santander.We like our New Addington conveyancing lawyer but Santander says his firm is not on their approved list of firms. we are left little option but to use a Santander panel lawyer or keep our local solicitor and fork out for one of their panel ones to act for them. This seems very unfair; is there anything we can do?
No, not really. The home loan issued to you is subject to its various provisions, one of which will be that conveyancers must be on the Santander approved list. Until recently, most lenders had large numbers of solicitors on their panels: a borrower could choose 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. A further alternative is for your solicitors to apply to be on the conveyancing panel for Santander
I am purchasing a new build house in New Addington benefiting from help to buy. The sellers would not budge the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not to tell my lawyer about the side-deal as it may put at risk my mortgage with The Mortgage Works. Is this normal?.
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 UK Finance website. UK Finance 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.
My uncle has suggested that I appoint his conveyancing solicitors in New Addington. Should I find my own property lawyer?
No doubt the ideal way to choose a conveyancing practitioner is to have recommendations from friends or family who have actually experience in using the solicitor you're considering.
I am a negotiator for a reputable estate agent office in New Addington where we have experienced a number of flat sales derailed as a result of short leases. I have been given conflicting advice from local New Addington conveyancing firms. Could you confirm whether the seller of a flat can instigate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
After months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in New Addington. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a missing landlord or if there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the LVT to decide the premium.
An example of a Freehold Enfranchisement case for a New Addington residence is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case was in relation to 6 flats. The unexpired residue of the current lease was 78.32 years.
I have checked your search tool I can't find the lawyer I was hoping to instruct as being on the bank conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the bank conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.