I am buying a newly built duplex in South Hackney and my conveyancer is informing me that she has to the mortgage company to reveal incentives from the seller. The Estate Agents are hassling me to sign contracts and I don't want to prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
We are planning to purchase with Earl Shilton BS. We have called around locally yet cant to find a South Hackney conveyancing firm on the Earl Shilton BS panel. Can you help?
Feel free to make use of the find a conveyancing panel solicitor tool on this site. Pick the mortgage company and type South Hackney or your location and you will be presented with a number of lawyer located in South Hackney or near you.
If you had a top tip for choosing a conveyancing solicitor in South Hackney what would it be?
Do not opt for the cheapest South Hackney conveyancing quote. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
Have just purchased a repossessed house at auction in South Hackney. Conveyancing is needed. What are my next steps?
Now that you are to in every practical sense signed on the dotted line you must instruct a conveyancing solicitor as a matter of urgency as you now have a fast approaching a drop dead date to complete the conveyancing. All auction property will have a bespoke legal set of papers. This will likely include most,if not all of the paperwork that your conveyancer requires. In the case of leasehold property the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing paperwork specific to a leasehold property. You need to give this to the lawyer working for you as soon as possible. Do make sure that your finances are organised to complete the transaction on the set completion date.
I am selling my apartment. I had a double glazing fitted in March 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Barclays are being difficult. The South Hackney solicitor who is on the Barclays conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Barclays are insisting on a building regulation certificate. Why do Barclays have a conveyancing panel if they don't accept advice from them?
It is probably the case that Barclays have referred the matter to their valuer. The reason why Barclays may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
About to purchase a new build apartment in South Hackney. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in South Hackney
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I decided to have a survey carried out on a house in South Hackney before appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies tend not grant a loan on this type of house.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in South Hackney. Conveyancing will be smoother if you use a solicitor in South Hackney especially if they are familiar with such properties in South Hackney.
I own a leasehold flat in South Hackney. Conveyancing was finalised in five years ago. I have read on a number of consumer forums that I mustn’t let the lease length get too low. What is the reasoning?
South Hackney leasehold properties are for a set term - often ninety nine years when they started. However many flats in South Hackney were constructed or converted 35 or more years ago and so such leases now have less than eighty years left to run. That may seem like a long time however Banks, Building Societies and other mortgage institutions tend to need leases to have a minimum of 75 years remaining to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To enhance the marketability of your property you should be thinking about whether to extend your lease well in advance of selling the property. Please note that there are advantages to taking action before the lease hits 80 years as when the lease is below 80 years the premium to be paid to extend starts to escalate.