I have just been advised by my broker that my Waterlooville lawyer is not on the lender Conveyancing panel. What can I do to check?
Your first step should be to contact your Waterlooville lawyer directly. You lawyer should advise you what has happened. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
Can the conveyancing solicitors via your comparison service perform conveyancing in Waterlooville by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct attended exchanges. You should e-mail us to receive a conveyancing quote and details as to dates.
We are purchasing a property in Waterlooville. I might seem paranoid but how we can trust a lawyer? At some point we have to send money into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have paid off my mortgage with Santander. I assume I don't need a Waterlooville property lawyer on the Santander panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Santander mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Santander mortgage from the register. Santander, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Santander has sent the Land Registry the discharge electronically, and
- Santander has instructed the Land Registry to do so
About to purchase house in Waterlooville. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Waterlooville solicitor is on the Coventry BS conveyancing panel.
I am buying a new build house in Waterlooville with a loan from Barnsley Building Society. The sellers would not reduce the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not inform my solicitor about the side-deal as it may adversely affect my loan with Barnsley Building Society. 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.
I opted to have a survey completed on a house in Waterlooville ahead of instructing solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may refuse to give a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Waterlooville. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Waterlooville to see if the conveyancing will be more expensive.
Can you offer any advice when it comes to appointing a Waterlooville conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Waterlooville conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non Waterlooville conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
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Can they put you in touch with clients in Waterlooville who can give a testimonial?
I am the registered owner of a split level flat in Waterlooville, conveyancing was carried out February 2002. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Waterlooville with an extended lease are worth £186,000. The ground rent is £55 charged once a year. The lease ends on 21st October 2077
With just 52 years left to run the likely cost is going to be between £29,500 and £34,000 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.