I was recommended to a solicitor who has sent a quote for just over a thousand pound for fixed fee conveyancing in Rush Green. I’m selling a Victorian house for £225,000. Is this expensive? Is it in excess of what I should be paying for conveyancing in Rush Green?
The charges are a bit high. If you are prepared to spend time scrutinising quotes you may be able to shave off some of the expense by say £125. On the other hand, you maylive to rue choosing an an unknown conveyancer. Remember to ensure the solicitor can act for your lender. Do make use of our search tool to find a Rush Green conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Rush Green.
we are a couple who intend to purchase a newbuild apartment in Rush Green with a homeloan from Britannia.We have a Rush Green conveyancing solicitor but Britannia advised that her practice is not on their approved list of firms. It seems we are left with little choice but to instruct a Britannia panel solicitor or keep our preferred solicitor and pay for one of their panel ones to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its various provisions, a common one being that conveyancers will be on the Britannia approved list. Until recently, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Britannia
A colleague informed me that in purchasing a property in Rush Green there could be various restrictions as to what one can do in terms of external changes to a property. Is this right?
We are aware of anumerous of properties in Rush Green which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Rush Green should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have a mortgage with RBS for my property in Rush Green. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform RBS?
RBS must be informed of your intention prior to letting out your property as this is likely to be a breach of RBS’s mortgage conditions. It may be that RBS will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact RBS directly. It should not be necessary to do this via a RBS conveyancing panel lawyer.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my Rush Green bank branch on various occasions and was advised it wasn't a problem and they will lend. My Rush Green conveyancing solicitor - who is on the lender conveyancing panel- called to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your solicitor has to follow the CML Handbook section two specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Despite weeks of looking the Title Certificate and documents to my home are lost. The lawyers who dealt with the conveyancing in Rush Green 4 years ago have long since closed. What are my options?
In today’s world there are copies made of almost everything, and your conveyancer should be aware exactly where to look for all the suitable paperwork so you can purchase or sell your property without a hitch. Where duplicates are not available, your solicitor can arrange cover in the form of insurance or indemnities against possible claims on your property.
I am purchasing a new build house in Rush Green with a loan from Leeds Building Society. The builders would not move on the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not to tell my solicitor about the extras as it will adversely affect my loan with the lender. 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.
If all goes to plan we aim to complete our sale of a £325,000 apartment in Rush Green in seven days. The managing agents has quoted £372 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in Rush Green?
Rush Green conveyancing on leasehold flats often necessitates the purchaser’s solicitor submitting questions for the landlord to address. Although the landlord is under no legal obligation to address such questions most will be willing to assist. They are at liberty to charge a reasonable charge for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is £350, in some cases it is in excess of £800. The administration charge levied by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration charges, without which the invoice is not strictly payable. In reality you have little option but to pay whatever is demanded should you wish to exchange contracts with the buyer.
I own a garden flat in Rush Green. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
if there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to calculate the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Rush Green residence is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case was in relation to 1 flat. The unexpired residue of the current lease was 57.5 years.