It has taken forever and a day but a mortgage agreement from HSBC for the remortgage of my 2 room flat is due imminently. Are you able to propose a low cost conveyancing lawyer in Woodford Green?
This site is not designed to aid those in pursuit of a cheap conveyancing in Woodford Green. Our intention is to offer affordable conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing organisations offering low cost conveyancing in Woodford Green. The optimum outcome, in choosing a lawyer for cheap conveyancing, you will end up with what you pay for and at worst you will end up spending a lot in additional fees and still not get the service you were looking for.
My husband and I are only a couple days away from an exchange on a property in Woodford Green and my parents have transferred the exchange deposit to my property lawyer. I am now advised that as the deposit has not arrived from me my property lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I advised the lender concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The lawyer is legally required to check with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We see that you have a search directory identifying solicitors on the Santander conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Woodford Green?
We are a listing service only for law firms wishing to communicate if they are on the Santander conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Woodford Green.
My uncle passed away 10 months ago and as sole heir and executor I was left the property in Woodford Green. The house had a relatively small loan remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this allowed?
Given you plan to re-mortgage then Lloyds will require that you use a conveyancer on the Lloyds conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Lloyds conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Lloyds mortgage is registered as a charge at the Land Registry.
I'm purchasing my first flat in Woodford Green with a mortgage from Norwich and Peterborough Building Society. The sellers refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent advised me not reveal to my conveyancer about the deal as it would adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
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.
Due to the input of my in-laws I had a survey completed on a house in Woodford Green prior to appointing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some lenders will not give a loan on such a house.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Woodford Green. Conveyancing will be smoother if you use a solicitor in Woodford Green especially if they are familiar with such properties in Woodford Green.