My husband and I are acquiring a new build apartment in North Sheen and my conveyancer is informing me that she is duty bound to the mortgage company to disclose incentives from the seller. I am under pressure to exchange and I would rather not delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. 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.
What does my ID and proof of funds have anything to do with my conveyancing in North Sheen? Is this really necessary?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with before they can accept their conveyancing business. The Client Care letter that you are required to sign will no doubt reaffirm this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you refuse to hand over ID verification documents, your conveyancer will not be able to take you on as a client.
My lender has recommended solicitors on their panel based in North Sheen but I would rather use a conveyancing lawyer in North Sheen or nearer to where I live. Are you able to help?
Not all North Sheen conveyancing practitioners are listed all banks conveyancing panel. Use our find an approved solicitor tool to identify a North Sheen conveyancing solicitor on the on the bank panel.
I opted to have a survey carried out on a house in North Sheen ahead of retaining solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies tend refuse to grant a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. If you e-mail 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 North Sheen. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are one month into a leasehold purchase having been referred to solicitors by the estate agent to carry out the conveyancing in North Sheen. We are not happy. Can you you assist me in finding new conveyancers?
They would need to be very bad in order to consider changing them. Has the loan offer been issued? In the event that it has you must advise them of the replacement lawyer and have the mortgage documents are re-issued. Your conveyancer needs to be on the mortgage company panel to avoid added charges and delays. That should be your starting point. Our search tool should help you find a bank approved conveyancer for your home move in North Sheen
What advice can you give us when it comes to choosing a North Sheen conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for lease extension works (regardless if they are a North Sheen conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non North Sheen conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:
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What are the legal fees for lease extension work? Can they put you in touch with clients in North Sheen who can give a testimonial?
I have had difficulty in trying to purchase the freehold in North Sheen. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We can put you in touch with a North Sheen conveyancing firm who can help.
An example of a Lease Extension decision for a North Sheen premises is Flat 1 30 Ennismore Avenue in September 2010. the Tribunal adopted and arrived at a premium for the lease extension of £29, 900 This case affected 1 flat. The remaining number of years on the lease was 68.34 years.