We hope to to purchase with Norwich and Peterborough Building Society. I called into a couple of high street solicitors but cant to find a Sydenham Hill conveyancing firm on the Norwich and Peterborough Building Society approved list. Please you assist?
Please do take advantage of the search tool on this web page. Please choose the mortgage company and type Sydenham Hill or your location and you will see a number of lawyer based in Sydenham Hill or by proximity to you.
I'm the single recipient of my late father’s estate and I have everything in my name now, including the house in Sydenham Hill. The Sydenham Hill property was put into my name in June. I want to move. I do know about the CML six month 'rule', meaning my property ownership will be regarded the same way as though I had purchased the house in June. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. How sensible a view banks take of it, depend on the bank as this requirement is chiefly there to capture the purchase and immediately sell or the quick reselling of property.
I currently have a mortgage with Aldermore for my property in Sydenham Hill. Conveyancing has been completed 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Aldermore?
You must advise Aldermore in advance of letting out your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore directly. You need not do this via a Aldermore conveyancing panel firm.
I was told two weeks ago that my mortgage has been agreed to by Santander. Is it usual for Santander to only issue the offer once my solicitor in Sydenham Hill is approved on their conveyancing panel? Santander have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Santander to deal with your lawyer's application to be on the Santander conveyancing panel. There's no guarantee that your solicitor will be accepted.
Various online forums that I have frequented warn that are the main reason for hinderance in Sydenham Hill house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Sydenham Hill.
Due to the advice of my in-laws I had a survey completed on a house in Sydenham Hill prior to appointing conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some banks will refuse to give a mortgage on this type of property.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Sydenham Hill. Conveyancing will be smoother if you use a solicitor in Sydenham Hill especially if they regularly deal with such properties in Sydenham Hill.
Looking forward to sign contracts shortly on a basement flat in Sydenham Hill. Conveyancing solicitors assured me that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Sydenham Hill should include some of the following:
-
Does the lease require carpeting throughout thus preventing wood flooring? Are you allowed to have a pet in the flat? Details of the parties to the lease, for instance these could be the leaseholder, head lessor, freeholder Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? What the implications are if you are in breach of your lease terms?
Following months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Sydenham Hill. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Sydenham Hill conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Sydenham Hill premises is Flat 1 4 Border Crescent in March 2012. the Tribunal decided that the sum payable by the Applicants to the Respondent in respect of the new lease for the subject property should be £11,616.00 (ElevenThousand and Six Hundred and Sixteen Pounds) This case affected 1 flat. The unexpired residue of the current lease was 72.04 years.
My wife is buying a leasehold flat in Sydenham Hill. Conveyancing quotes are coming in at around £1700. Is that in the right ballpark?
The average fee last year for conveyancing in Sydenham Hill was £1,500 not including Land Tax and Land Registry charges.