We previously selected solicitors locally in Newbury Park on the TSB solicitor panel. They have just billed me a separate amount for dealing with the TSB mortgage. Is this a supplemental conveyancing fee set by TSB?
As unfair as it may appear, as long as it’s in their Terms and Conditions or estimate then yes your solicitor may charge a fee for this. This fee is not set by TSB but by your Newbury Park lawyer. Plenty of firms on the TSB panel will charge ’dealing with mortgage’ fee but some practices incorporate it on their overall fee.
I am due to exchange contracts on my apartment. I had a double glazing fitted in July 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Lloyds are being a right pain. The Newbury Park solicitor who is on the Lloyds conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Lloyds are insisting on a building regulation certificate. Why do Lloyds have a conveyancing panel if they don't accept advice from them?
It is probably the case that Lloyds have referred the matter to their valuer. The reason why Lloyds 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.
Having digested plenty of house buying guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Newbury Park solicitor - who is on the Santander conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Santander will need an independent valuation of the property. Your lawyer will not arrange this. Usually Santander will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Newbury Park postcode. As you are getting a mortgage with Santander, you could contact them to see if they have a list of approved surveyors in Newbury Park.
I have been told that property searches are the main cause of obstruction in Newbury Park conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in Newbury Park.
I am buying a new build flat in Newbury Park. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Newbury Park
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I have been on the look out for a ground for flat up to £245,000 and found one near me in Newbury Park I like with open areas and station nearby, however it only has 51 remaining years left on the lease. I can't really find anything else in Newbury Park suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan that many years may be an issue. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
What makes your site different to other web based conveyancing solicitors when it comes to conveyancing in Newbury Park?
At this site receive a conveyancing quote from a Solicitor or Licensed Conveyancer that appreciates the issues of your conveyancing in Newbury Park. Unlike many estate agents and brokerage sites we do not have kick-back deals with solicitors. Many agents and online brokers 'recommend' solicitors that pays the most commission, not the best value conveyancing in Newbury Park
I am 17 days into a freehold purchase having been directed to conveyancers by the local agent to carry out the conveyancing in Newbury Park. I am not happy. Can you help me find new solicitors?
They would have to be very bad to suggest changing them. Has your mortgage been generated? In the event that it has you will need to make them aware of the new contact details and ensure the loan are re-issued. Your new conveyancer should be on the lenders approved list to avoid added fees and frustration. That should be your first question of the new conveyancers. Our find a solicitor tool will help you find a lender approved solicitor for your home move in Newbury Park