I plan on purchasing residence in Whitton. My property lawyer is not on the mortgage company solicitor list. Can I still continue with my Whitton conveyancing solicitor even though they are not on the bank panel?
You will need to instruct a lawyer to deal with the formalities if you take out a mortgage to buy your home. The solicitor will carry out all the essential due diligence on the property, ensuring that you’re registered as proprietor and ensure that all the required mortgage documentation is dealt with. You can appoint a Whitton lawyer of your choosing. Nevertheless, where the conveyancer selected is not a member of the lender approved list supplemental fees will be levied as separate legal representation will be required by them. Lender panel applications may be submitted, so provided your lawyer has not in the past sought membership they should take the chance to apply.
We are a couple about to exchange contracts for a semi detached house in Whitton. We have hit a snag. Our loan offer with Barclays Direct expires on 13/2/2025 but the owners are putting forward a completion date of 17/2/2025. Can one prolong the loan expiry date?
The person best placed to deal with your question is your solicitors who is in a position to assess if they corresponding with the mortgage broker, vendor’s conveyancers, selling agents or conceivably all parties taking into account the history of your conveyancing as of today.
My apartment in Whitton is up for sale and I have a purchaser. Will the conveyancing practitioner have to be required to be on the Santander conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Santander conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
Will commercial conveyancing searches reveal planned roadworks that may impact a commercial property in Whitton?
Many commercial conveyancing solicitors in Whitton will order a SiteSolutions Highways report as it reduces the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Whitton. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Whitton.
For every commercial conveyancing transaction in Whitton it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to Whitton commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Whitton.
I am buying my first flat in Whitton benefiting from help to buy. The developers refused to move on the price so I negotiated £7000 of additionals instead. The property agent advised me not disclose to my solicitor about this side-deal as it will put at risk my loan with the bank. Should I keep quiet?.
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 am employed by a reputable estate agency in Whitton where we have experienced a number of flat sales jeopardised due to short leases. I have received conflicting advice from local Whitton conveyancing firms. Can you shed some light as to whether the owner of a flat can instigate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Following months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Whitton. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to decide the amount due.
An example of a Lease Extension matter before the tribunal for a Whitton premises is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case was in relation to 1 flat. The unexpired lease term was 60.45 years.