My Solicitor in Bearsted is not on the Halifax Approved Panel. Is it possible for me to continue with my prefered solicitor even though they are not on the Halifax approved list?
Your options are as follows:
- Complete the purchase with your existing Bearsted lawyers but Halifax will need to use a conveyancer on their panel. This will result in additional overall conveyancing charges and cause frustration.
- Choose an alternative practitioner to act in the conveyancing, obviously checking they are on the Halifax panel
I am buying a new build house in Bearsted benefiting from help to buy. The sellers would not move on the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not inform my lawyer about the extras as it could adversely affect my mortgage with HSBC Bank. Is this normal?.
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 am looking for a leasehold apartment up to £235,500 and found one near me in Bearsted I like with open areas and transport links nearby, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Bearsted in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term may be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I am a sole trader wishing to lease a unit on a shopping parade. Can you recommend conveyancers offering competitive costs for commercial conveyancing in Bearsted for below 2k?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Bearsted, including the disposal and acquisition of businesses as well as simply property. If you are intending to buy or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will find you the right solicitor. Regarding the fees these will vary based on the structure and heads of terms of the proposed transaction. Let us have your details or phone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
When it comes to my conveyancing in Bearsted should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Bearsted conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.