My wife and I are intent on buying property in Queenborough. My property lawyer is not listed on the mortgage company solicitor panel. Can I still use my Queenborough conveyancing solicitor notwithstanding that they are not on the mortgage company list of approved lawyers?
Various options include
- Carry on with your existing Queenborough conveyancer but your mortgage company will no doubt appoint a property lawyer from their approved panel. This will result in additional fees together with probable interruption.
- Get a fresh lawyer to act in the purchase, making sure they are on the mortgage company conveyancing panel.
- Convince your conveyancer to pull out all the stops to get listed on the lender’s conveyancing panel
Are the Queenborough conveyancing solicitors identified as being on the Leeds Building Society conveyancing panel, together with their details provided by Leeds Building Society?
Queenborough conveyancing firms themselves provide us confirmation that they are on the Leeds Building Society conveyancing panel as opposed to being supplied with a list from Leeds Building Society directly.
I am planning to acquire a flat and need a conveyancing solicitor in Queenborough who is on the Leeds Building Society approved. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Leeds Building Society in certain locations such as Queenborough. We dont recommend any particular firm.
I am purchasing my first flat in Queenborough with a mortgage from Halifax. The builders refused to reduce the amount so I negotiated 6k of additionals instead. The house builders rep suggested that I not disclose to my solicitor about this side-deal as it could put at risk my loan with the lender. Do I keep my lawyer in the dark?.
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 need to find a conveyancing solicitor for sale conveyancing in Queenborough. I happened to land on a web site which seems to have the perfect solution If it is possible to get all this stuff done via email that would be ideal. Should I be wary? What are the potential pitfalls?
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 work for a long established estate agency in Queenborough where we see a few leasehold sales derailed due to short leases. I have received inconsistent advice from local Queenborough conveyancing solicitors. Can you confirm whether the seller of a flat can commence the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Queenborough Conveyancing for Leasehold Flats - Examples of Questions you should ask Prior to buying
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Who takes responsibility for maintaining and repairing the block? Most Queenborough leasehold flats will have a service charge for maintenance of the building set on behalf of the landlord. Where you purchase the apartment you will have to pay this liability, normally in instalments accross the year. This can differ from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a ground rent to be met annual, this is usually not a exorbitant sum, say about £50-£100 but you need to check as on occasion it can be many hundreds of pounds. What restrictions are contained in the Queenborough Lease?