I am purchasing a house and need a conveyancing solicitor in Street who is on the conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for in certain locations such as Street. We dont recommend any particular firm.
Does a directory service exist listing panel solicitors in Street on the Building Society Association’s Website?
No. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings available on the web. If you are in need of a Street on the please make the most of our facility.
We had chosen solicitors locally in Street on the solicitor panel. They are now charging me a separate fee for the legal aspects of the mortgage. Is this an additional conveyancing fee set by ?
As unfair as it may appear, as long as it’s in their Terms of Engagement or estimate then yes your is entitled to charge a fee for this. This charge is not set by but by your Street . Plenty of firms on the panel will quote ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
About to purchase house in Street. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Street is on the conveyancing panel.
I'm buying a new build house in Street benefiting from help to buy. The sellers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not reveal to my lawyer about this side-deal as it will impact my loan with . 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Street is where the house is located. Can you shed any light on this issue?
Flying freeholds in Street are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Street you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Street 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 property.
I own a leasehold flat in Street. Conveyancing and mortgage are in place. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Street who acted for me is not around. Do I pay?
The first thing you should do is contact HMLR to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Street conveyancing lawyer to do this as you can do this on the Land Registry website for £3. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I invested in buying a garden flat in Street, conveyancing was carried out 3 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Street with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 yearly. The lease expires on 21st October 50
With 50 years left to run we estimate the price of your lease extension to range between £36,100 and £41,800 as well as costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.