I am expecting a offer of a home loan from Halifax. I intend to retain the legal services of a Licensed Conveyancer in Rowley Regis. Does the Halifax Conveyancing panel allow for Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Why do I have to pay up front for conveyancing in Rowley Regis?
If you are buying a property in Rowley Regis your solicitor will request that you to provide them with funds to cover the search fees. Normally this is needed to cover the fees of the conveyancing searches. When the down payment is as part of the sale price then this will be asked for shortly ahead of exchange of contracts. The closing balance that is needed should be sent to your lawyer a couple of days prior to the day of completion.
My wife and I are purchasing a apartment in Rowley Regis. It might be a silly question but how we can trust a lawyer? At some point we will need to put money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am unexperienced as FTB of a ground floor flat in Rowley Regis. Do I pick up the keys to the premises on the completion date from my solicitor? If so, I will appoint a High Street conveyancing solicitor in Rowley Regis?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's lawyers, and once they have received this, you should be able to pick up the keys from the selling Agents and move into your new home. This tends to happen between 1 and 3pm.
We previously instructed conveyancing lawyers located in Rowley Regis on the Skipton solicitor panel. They are now charging me a separate fee for handling the Skipton mortgage. Is this an additional conveyancing fee set by Skipton?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your property lawyer is entitled to levy a fee for this. The charge is not set by Skipton but by your Rowley Regis conveyancer. Numerous firms on the Skipton panel will levy ’dealing with mortgage’ fee and others do not.
I'm purchasing a new build house in Rowley Regis with the aid of help to buy. The builders refused to move on the price so I negotiated £7000 of additionals instead. The estate agent suggested that I not inform my solicitor about the extras as it could jeopardize my mortgage with the bank. Is this normal?.
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 am looking for a leasehold apartment up to £195,000 and found one round the corner in Rowley Regis I like with open areas and railway links nearby, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Rowley Regis in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage that many years may be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
In what way does the Landlord & Tenant Act 1954 impact my commercial property in Rowley Regis and how can you help?
The particular law that you refer to provides a safeguard to business leaseholders, giving them the legal entitlement to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Rowley Regis is one of the many areas of the UK in which our lawyers are based