I am getting a offer of a home loan from Lloyds. I hope to employ the services of a Licensed Conveyancer in Seaview. Does the Lloyds Solicitor panel exclude conveyancers regulated by the CLC?
The Lloyds approved solicitor list is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
I am purchasing a property and need a conveyancing solicitor in Seaview who is on the TSB conveyancing. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for TSB in certain locations such as Seaview. We dont recommend any particular firm.
Me and my brother purchased a semi-detached Georgian property in Seaview. Conveyancing practitioner acted for me and Skipton Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold with the exact same address. Is it worth asking Skipton Building Society to clarify?
You need to assess the Freehold register you have again and check the Charges Register for 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 Seaview and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing lawyer who conducted the purchase.
I am purchasing a new build house in Seaview with the aid of help to buy. The builders refused to budge the amount so I negotiated £7000 of additionals instead. The estate agent told me not to tell my solicitor about this side-deal as it would affect my loan with the lender. 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 UK Finance website. UK Finance 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.
We're new to the buying process - had an offer accepted, yet the estate agent has warned us that the owners will only go ahead if we use the agent's recommended conveyancers as they want an ‘expedited deal’. We would rather use a local conveyancer accustomed to conveyancing in Seaview
It is highly unlikely the owners are behind this. Should the vendor desire ‘a quick sale', alienating a genuine purchaser is not the way to achieve this. Try to communicate with the owners directly and make the point that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you intend to use your own,trusted Seaview conveyancing firm - rather thanthose that will earn their estate agent a kickback or hit his conveyancing thresholds pre-set by senior management.
I am attracted to a couple of flats in Seaview both have in the region of fifty years remaining on the leases. Do I need to be concerned?
A lease is a right to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease deteriorates and it becomes more expensive to extend the lease. This is why it is advisable to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this field.
I invested in buying a garden flat in Seaview, conveyancing having been completed January 2005. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable properties in Seaview with an extended lease are worth £211,000. The ground rent is £45 yearly. The lease finishes on 21st October 2093
You have 67 years unexpired we estimate the premium for your lease extension to be between £10,500 and £12,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.