My Conveyancer in Silvertown has never been on on the Nottingham Building Society Approved Panel. Is it possible for me to continue with my prefered solicitor notwithstanding that they are not on the Nottingham Building Society panel?
Your options are as follows:
- Complete the purchase with your existing Silvertown solicitors but Nottingham Building Society will need to retain a lawyer on their panel. This will inevitably rack up the overall legal charges as well as result in frustration.
- Get a new solicitor to act in the purchase, obviously checking they are Persuade your solicitor to do everything within their powers to join the Nottingham Building Society conveyancing panel
I'm buying a new build house in Silvertown benefiting from help to buy. The sellers refused to budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not disclose to my conveyancer about the extras as it may affect my mortgage with the bank. 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.
Over the last few months I have been searching for a ground for flat up to £305k and found one close by in Silvertown I like with a park and railway links nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Silvertown for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan the shortness of the lease may be problematic. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
Is it possible to change solicitor as I need to find one who is on the Platform Home Loans Ltd conveyancing list. I hired a local conveyancing solicitor in Silvertown round the corner but the firm is not approved by Platform Home Loans Ltd
We will our best to assist in finding you a conveyancing solicitor in Silvertown on the Platform Home Loans Ltd panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Silvertown. In utilising the find a conveyancing solicitor tool on this site, you can scrutinise costs for conveyancing solicitors in Silvertown and throughout England and Wales.
Should I appoint a Silvertown conveyancing solicitor who is local to the property I am hoping to buy? We have a good friend who can handle the legal work but his firm is located 200kilometers away.
The benefit of a local Silvertown conveyancing firm is that you can attend the office to execute paperwork, present your ID and pester them if necessary. They will also have local knowledge which is a bonus. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and they were happy that must outweigh using an unknown Silvertown conveyancing lawyer solely due to them being based in the area.
We expect to complete our sale of a £325,000 flat in Silvertown on Friday in a week. The management company has quoted £372 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Silvertown?
Silvertown conveyancing on leasehold apartments typically involves administration charges levied by management companies :
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Answering pre-exchange enquiries
Where consent is required before sale in Silvertown
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Having spent years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Silvertown. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to determine the premium.
An example of a Lease Extension matter before the tribunal for a Silvertown property is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case related to 1 flat. The remaining number of years on the lease was 69.77 years.