AssumingI was to acquire a simple residential propertyin South Croydon mortgage fee and dispense with a survey and no local authority searches how much would I expect to to save on my conveyancing in South Croydon?
The only saving you would achieve is the costs for searches. Your lawyer is required to do the vast majority of work - money laundering, correspond with the vendors lawyer, stamp duty return, register the ownership etc. A slight saving might be made by not having to register a mortgage however it won't be significant.
The South Croydon conveyancing firm that just started acting on my house acquisition in South Croydon have suddenly closed. They were on acting for me because I had to have a firm on the Bank of Ireland conveyancing panel and my preferred South Croydon lawyer was not. I issued them a cheque for two hundred pounds in advance. What are my options?
If you have an estate agent involved then let them know straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Bank of Ireland conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
Is it necessary to pay for insurance to cover chancel repairs when acquiring a residence in South Croydon?
Unless a prior acquisition of the premises completed after 12 October 2013 you could assume that solicitors handling conveyancing in South Croydon to continue to recommend a chancel search and or chancel repair liability policy.
Me and my brother purchased a renovated Georgian property in South Croydon. Conveyancing lawyer represented me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to read 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in South Croydon and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with your conveyancing solicitor who conducted the conveyancing.
I am buying my first flat in South Croydon with a loan from Halifax. The developers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not to tell my conveyancer about this side-deal as it could impact my loan 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.
My business partner and I are intending to take an assignment of a lease of a shop on the high street. Can you recommend conveyancers offering competitive charges for non-domestic conveyancing in South Croydon for under £1,200?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in South Croydon, including the sale and acquisition of businesses as well as simply property. If you are hoping to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right firm. As for the charges these will vary based on the structure and terms of the deal. Please provide us with your contact information or phone so as to enable us to furnish you with comprehensive commercial conveyancing calculation.