My IFA says he needs my Sedgefield law firm’s panel reference for the Santander conveyancing panel. What is the best way to obtain this. I have e-mailed my local Sedgefield office but they cant find it on their system.
You are best placed to get this information from your Sedgefield conveyancer . They should have a central record lender panel numbers.
I am buying my first flat in Sedgefield benefiting from help to buy. The sellers would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep told me not reveal to my conveyancer about the side-deal as it could adversely affect my mortgage with Platform Home Loans Ltd. Should I keep quiet?.
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.
Taking into account that I am about to part with hundreds of thousands of pounds on a house in Sedgefield I would like to talk to a conveyancer concerning theconveyancing ahead of instructing the firm. Can this be arranged?
This is something that we recommend - we would be happy to talk to you we do not take any clients on without you liaising with the conveyancer who will be doing your property ownership legalities in Sedgefield.There is no ‘factory style conveyancing’ - each client is unique person, not a matter reference. The law firms that we put you in touch with believe that the fees you are quoted for your conveyancing in Sedgefield should be the amount on the final invoice that you are charged.
My husband and I are FTB’s - agreed a price, yet the agent informed us that the vendor will only issue a contract if we appoint their chosen lawyers as they are insisting on a ‘quick sale’. We would rather use a family solicitor who is familiar with conveyancing in Sedgefield
We suspect that the seller is not behind this requirement. Should the seller require ‘a quick sale', turning down a genuine buyer is likely to cause more damage than good. Contact the sellers directly and make sure they comprehend that (a)you are motivated purchasers (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you are going to instruct your preferred Sedgefield conveyancing lawyers - not the ones that will give the negotiator at the agency a commission or achieve conveyancing thresholds set by head office.
Can you offer any advice when it comes to finding a Sedgefield conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for lease extension works (regardless if they are a Sedgefield conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with two or three firms including non Sedgefield conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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Can they put you in touch with clients in Sedgefield who can give a testimonial?
I invested in buying a leasehold flat in Sedgefield, conveyancing having been completed August 1998. Can you work out an approximate cost of a lease extension? Equivalent flats in Sedgefield with over 90 years remaining are worth £201,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2089
With only 64 years left to run the likely cost is going to range between £15,200 and £17,600 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
My conveyancers in Sedgefield have advised me that they can not locate my conveyancing file. At the time of my purchase I took out a mortgage with the bank. Is it case that being on the mortgage company conveyancing panel they need to have retained the file for a prescribed period?
Different lenders have different requirements but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the mortgage company directly.