Having been referred to your organisation we were going to go ahead with a conveyancing solicitor in Paddington recommended on your site but have come across some other costs illustrations on the internet look less pricey – how come?
There are numerous conveyancers offering at first sight what seems to be very low prices. We would encourage you to think twice as to how important this transaction is to you that you are willing to take 'cheap' risks over the quality of the conveyancing. Some embed fees deep into the terms and conditions. The solicitors that we put forward for conveyancing in Paddington neverdo this.
I am buying my first flat in Paddington benefiting from help to buy. The developers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not reveal to my lawyer about this deal as it could adversely affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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 on the look out for a leasehold apartment up to £195,000 and found one close by in Paddington I like with open areas and transport links nearby, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Paddington suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
What does commercial conveyancing in Paddington cover?
Paddington conveyancing for business premises covers a wide range of services, supplied by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
My cousin has urged me to appoint his conveyancers in Paddington. Do I follow his recommendation?
Much as we are happy to recommend a Paddington conveyancing lawyer it’s preferable to select a conveyancing practitioner is to seek feedback from friends or relatives who have actually used the conveyancer that you are considering.
Me and my wife have agreed a price on a Paddington bungalow we inherited six years ago in 2009. I have over twenty years conveyancing know-how and, now retired, intend to carry out my own legal work. The purchaser's solicitor has informed me that their building society will not allow us to do our own conveyancing mandating that the funds to be released via a solicitor's bank account.
Lending instructions to conveyancers from all mainstream lenders specify that If the seller does not have legal representation the borrower's lawyers should check whether the mortgage company needs to be notified so that a decision can be made as to whether or not they are willing to proceed.