It is a dozen years since I bought my home in West Cross. Conveyancing lawyers have now been retained on the sale but I can't find the title documents. Is this a major issue?
You need not be too concerned. First there is a chance that the deeds will be kept by your lender or they may be in the possession of the solicitor who oversaw the purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in West Cross involves registered property but in the unlikely event that your property is not registered it is more of a problem but is not insurmountable.
Our mortgage company has suggested a law firm on their panel based in West Cross but I would rather instruct a conveyancing lawyer in West Cross local to me. Can you help?
The minority of West Cross conveyancing practitioners are approved and listed on all lender’s conveyancing panel. Please make the most of our search tool to locate a West Cross conveyancing solicitor on the on the bank panel.
I'm purchasing my first flat in West Cross benefiting from help to buy. The builders refused to budge the amount so I negotiated £7000 of additionals instead. The property agent advised me not inform my solicitor about the deal as it could put at risk my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Are there any apps to assist me to identify a West Cross law firm on the Chelsea Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 20miles to meet the lawyer.
You can use the tool on this website. Please choose the bank and your location and you will see a number of West Cross conveyancing lawyers based on proximity. We have listed some West Cross conveyancing firms at the bottom of this page and you can call them to see if they are on the Chelsea Building Society approved list
If all goes to plan we aim to complete our sale of a £325,000 apartment in West Cross on Thursday in a week. The landlords agents has quoted £384 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in West Cross?
West Cross conveyancing on leasehold apartments usually involves the purchaser’s lawyer sending questions for the landlord to answer. Although the landlord is not legally bound to address such questions most will be willing to do so. They are at liberty to charge a reasonable administration fee for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some situations it exceeds £800. The management information fee levied by the landlord must be accompanied by a synopsis of rights and obligations in relation to administration fees, otherwise the invoice is technically not due. In reality one has little choice but to pay whatever is demanded should you wish to sell the property.
West Cross Leasehold Conveyancing - Examples of Queries before Purchasing
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Are any of leasehold owners in arrears of their service charge payments? Best to be warned whether window replacement or some other major work is due shortly to be shared between the tenants and will dramatically impact the level of the maintenance charges or result in a specific payment. This question is helpful as a) areas can result in problems in the building as the common areas may begin to deteriorate if services are not paid for b) if the leasehold owners have a dispute with the managing agents you will wish to know about it
Should I stop the direct debit for my mortgage with HSBC once a completion date for my sale in West Cross has been set?
You would be well advised to maintain meeting any mortgage sums to HSBC pending the mortgage being discharged out of the proceeds of sale as part of your West Cross conveyancing.