I am buying an apartment in Victoria Park. My property lawyer is not on the bank solicitor panel. Can I still continue with my Victoria Park conveyancing solicitor notwithstanding that they are excluded from the bank panel?
One will need to use a conveyancer to complete the legal work required when you need a mortgage to purchase your home. They will conduct all the relevant investigations on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage paperwork is in order. One can appoint a Victoria Park conveyancer of your choosing. Nevertheless, if the solicitor selected is not on the bank solicitor panel further fees will be incurred as separate legal representation will be required by them. Bank panel applications can be submitted, so where your lawyer has not historically sought membership they should take the opportunity to apply.
I am the registered owner of a freehold premises in Victoria Park yet invoiced for rent, why is this and what is this?
It is rare for properties in Victoria Park and has limited impact for conveyancing in Victoria Park but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I have recentlybeen informed that Action Conveyancing have closed. They carried out my conveyancing in Victoria Park for a purchase of a leasehold flat 9 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The easiest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Victoria Park conveyancing specialists.
I am purchasing my first flat in Victoria Park with a loan from Birmingham Midshires. The builders would not budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not disclose to my solicitor about this deal as it could adversely affect my loan with the bank. Is this normal?.
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 husband and I are first time buyers - agreed a price, yet the agent told us that the vendor will only go ahead if we appoint their recommended lawyers as they need a ‘quick sale’. We would rather use a family solicitor used to conveyancing in Victoria Park
It is unlikely the sellers are driving this. Should the owner want ‘a quick sale', taking such a hostile approach to a serious purchaser is likely to cause more damage than good. Try to communicate with the owners directly and make sure they understand (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you are going to use your own,trusted Victoria Park conveyancing lawyers - rather thanthe ones that will provide their estate agent a commission or hit his conveyancing thresholds pre-set by senior management.
I was informed by my mortgage company that their panel lawyers operate no completion no charge basis for conveyancing in Victoria Park. I had a purchase fall through and now the lawyers have requested search fees! They say the fees are seperate!
By promising "no move no fee" Victoria Park conveyancing practices are foregoing their charges for any work carried out. We must stress this does not constitute an insurance scheme. you will still required to pay for any disbursements that the lawyer has outlayed for you such as Victoria Park local authority checks