My fiance and I are intent on purchasing an apartment in Battersea. My property lawyer has never been on on the lender solicitor panel. Can I still appoint my Battersea conveyancing solicitor notwithstanding that they are not on the mortgage company approved list?
You have a couple of choices available to you here
- Carry on with your existing Battersea but your mortgage company will need to use a from their approved list. This will result in additional charges together with potential frustration.
- Get a new to act in the purchase, making sure they are on the mortgage company conveyancing panel.
- Convince your solicitor to pull out all the stops to get listed on the lender’s panel of solicitors
I am purchasing my first flat in Battersea benefiting from help to buy. The sellers refused to move on the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not inform my solicitor about this deal as it may affect my mortgage with . 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.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. Battersea is where the house is located. Can you offer any opinion?
Flying freeholds in Battersea are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Battersea you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Battersea may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Are there any apps to help identify a Battersea law firm on the conveyancing panel? I have wheels and am willing to travel upto 20kilometers to meet the conveyancer.
Feel free to make use of the facility on this website. Please choose the bank and your location and you will see a number of Battersea conveyancing lawyers based on proximity. We have detailed some Battersea conveyancing firms towards the end of this page and you can call them to check if they are on the approved list
I bought a basement flat in Battersea, conveyancing having been completed 1995. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent flats in Battersea with a long lease are worth £165,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease ceases on 21st October 50
With just 50 years left to run the likely cost is going to be between £36,100 and £41,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.