Do banks and building societies provide you with an approved list of Old Malden conveyancing solicitors? How do you know who is on the Nationwide conveyancing panel?

Old Malden conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.

I am purchasing my first flat in Old Malden with a mortgage from Barnsley Building Society. The developers would not budge the amount so I negotiated £7000 of additionals instead. The house builders rep told me not inform my solicitor about this deal as it could jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.

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 selling my home. My past conveyancers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Old Malden if that makes things easier.

Please use our search tool to help you choose a solicitor for your conveyancing in Old Malden. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.

I own a leasehold house in Old Malden. Conveyancing and Nottingham Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Old Malden who previously acted has now retired. Any advice?

First contact the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to instruct a Old Malden conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

Despite our best efforts, we have been unsuccessful in trying to purchase the freehold in Old Malden. Can the Leasehold Valuation Tribunal adjudicate on premiums?

Most definitely. We can put you in touch with a Old Malden conveyancing firm who can help.

An example of a Lease Extension case for a Old Malden flat is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case related to 1 flat.

Two months into purchasing a property in Old Malden. Conveyancing solicitor has called to say the property is "Leasehold". Does this impact our mortgage valuation?

Old Malden conveyancing does not in most situations involve leasehold houses. The key factor here is the unexpired lease term and the ground rent. If it's 999 years with a peppercorn rent, it's almost the same as freehold, so it’s unlikely to impact the marketability too much.

On the flip side, if it's, say, 50 years it is bound to have a adverse effect on the saleability, and probably wouldn't be acceptable to the bank. The remaining lease term and ground rent will be specified in the lease to be supplied to your conveyancer.