I plan on buying a flat in Sneyd Park. My lawyer is not listed on the mortgage company approved panel. Is it possible for me to continue with my Sneyd Park conveyancing solicitor notwithstanding that they are not on the lender list of approved lawyers?
You will need to use a conveyancer to deal with the formalities when you require a mortgage to buy your property. They will conduct all the necessary due diligence on the property, make sure that you will be registered as proprietor and ensure that all the required mortgage paperwork is dealt with. One may select a Sneyd Park conveyancer of your choosing. However, where the lawyer appointed is not on the lender approved list further charges will arise as separate legal representation will be required by them. Conveyancing panel applications may be submitted, so if your conveyancer has not historically sought membership they should take the opportunity to apply.
Can your site be used to recommend a Conveyancing solicitor in Sneyd Park even where I’m not buying or disposing of a house, for instance if I want to acquire a shop in Sneyd Park with a loan from Halifax?
The service is primarily there to select residential conveyancing solicitors in Sneyd Park but we have recorded at the end of this page some Sneyd Park commercial conveyancing firms. You will need to speak with the firm directly to check if they are also authorised to represent Halifax
My wife and I are selling our home in Sneyd Park and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers are using a nationwide conveyancing practice rather than a conveyancing solicitor in Sneyd Park. Having lived in Sneyd Park for three years we know that this is a non issue. Should we get in touch with our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I'm purchasing a new build house in Sneyd Park with a loan from The Royal Bank of Scotland. The builders refused to budge the amount so I negotiated £7000 of additionals instead. The sale representative advised me not inform my conveyancer about the deal as it will affect my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
I need to appoint a conveyancing solicitor for sale conveyancing in Sneyd Park. I've discover a web site which looks to be the ideal solution If there is a chance to get all this stuff completed via web that would be ideal. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am employed by a long established estate agency in Sneyd Park where we have witnessed a number of leasehold sales derailed due to leases having less than 80 years remaining. I have received conflicting advice from local Sneyd Park conveyancing solicitors. Please can you confirm whether the seller of a flat can initiate the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I invested in buying a split level flat in Sneyd Park, conveyancing having been completed half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Sneyd Park with over 90 years remaining are worth £165,000. The average or mid-range amount of ground rent is £50 yearly. The lease expires on 21st October 2102
With only 77 years left to run we estimate the premium for your lease extension to range between £7,600 and £8,800 plus costs.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.