I am acquiring a newly constructed duplex in Old Coulsdon and my lawyer is advising me that she is duty bound to the lender to disclose incentives from the developer. The Estate Agents are hassling me to exchange contracts and my preference is not to delay the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
There are plenty of conveyancing solicitors in Old Coulsdon but how do I know who I should use?
Do not opt for the lowest Old Coulsdon conveyancing quote. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
I happen to be the only beneficiary of my late grandmother’s will with all property in now in my sole name, including the my former home in Old Coulsdon. The Old Coulsdon property was put into my name in October. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership could be regarded the same way as though I had purchased the property in October. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How sensible a view banks take of it, depend on the bank as this obligation is chiefly there to capture subsales or the quick reselling of properties.
The formalities of my remortgage has taken place for my property in Old Coulsdon. Conveyancing was a necessary evil but I would like to complain about the lender. How does one go about formally complaining?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I need some fast conveyancing in Old Coulsdon as I have pressure to complete inside 3 weeks. Fortunately I do not require a mortgage. Can I escape the need for conveyancing searches to save fees and time?
If.Given you are not taking a mortgage you have the choice not to have searches conducted although no lawyer would recommend that you don't. With lots of history conveyancing in Old Coulsdon the following are examples of what can be revealed and adversely affect future saleability: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Unadopted Roads,...
Me and my brother purchased a semi-detached Edwardian house in Old Coulsdon. Conveyancing solicitor represented me and TSB. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Old Coulsdon and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing solicitor who conducted the purchase.
I am looking for a flat up to £245,000 and identified one near me in Old Coulsdon I like with amenity areas and transport links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Old Coulsdon in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the shortness of the lease will be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I am using a search engine for the words conveyancing in Old Coulsdon it shows results of many solicitorslocally. With so much choice what is the best way to find the right conveyancer for the sale of my house?
The ideal way of seeking the right conveyancer is through a personal recommendation, so seek the counsel of colleagues and family who have bought a property in Old Coulsdon or the local estate agent or financial adviser. Charges for conveyancing in Old Coulsdon differ, so it's sensible to secure a minimum of three fee calculations from different companies. Dont forget to clarify what costs in the quote includes.