I have just been advised by my mortgage broker that my Newton-le-Willows the law firm I have appointed is not on the lender Solicitor panel. How can I be sure whether this is correct?
You need to call your Newton-le-Willows lawyer directly. You lawyer should advise you what has happened. If they are not on the panel they may recommend you to a Newton-le-Willows conveyancing practice that is on the approved list of lawyers for your bank.
We're in Newton-le-Willows, First time buyers purchasing with a mortgage (lender is HSBC , and our solicitor is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I'm purchasing my first flat in Newton-le-Willows with a loan from HSBC Bank. The developers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not to tell my solicitor about this extras as it would impact my loan with the lender. 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 have been recommended by two or three local estate agents in Newton-le-Willows to find a property lawyer using your seach tool. What’s the financial advantage for Estate Agents to promote your site rather than a competitor’s?
We refuse to give any financial incentive for directing people in our direction. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I need to appoint a conveyancing solicitor for sale conveyancing in Newton-le-Willows. I happened to discover a site which seems to have the perfect solution If it is possible to get all this stuff completed via phone that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I only have Fifty years remaining on my lease in Newton-le-Willows. I need to extend my lease but my landlord is absent. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you have made all reasonable attempts to locate the lessor. For most situations an enquiry agent should be useful to conduct investigations and prepare an expert document to be used as proof that the landlord is indeed missing. It is wise to seek advice from a solicitor both on devolving into the landlord’s absence and the application to the County Court covering Newton-le-Willows.
I acquired a ground floor flat in Newton-le-Willows, conveyancing formalities finalised August 2002. How much will my lease extension cost? Similar flats in Newton-le-Willows with over 90 years remaining are worth £201,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease terminates on 21st October 2089
With 64 years unexpired we estimate the premium for your lease extension to span between £14,300 and £16,400 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.