Are the Addington conveyancing solicitors identified as being on the Barclays conveyancing panel, together with their details provided by Barclays?
Addington conveyancing firms themselves provide us confirmation that they are on the Barclays conveyancing panel as opposed to being supplied with a list from Barclays directly.
I have a decision in principle. The bank mentioned the home loan came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would prefer to use a Addington based conveyancing firm?
Do check but the chances are that appoint one of their panel solicitors if you want the "fee-free" offer. Speak to the mortgage company to ask if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor in Addington.
I am purchasing my first flat in Addington with a loan from Clydesdale. The sellers refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not inform my conveyancer about the extras as it would affect my mortgage with the lender. Should I keep quiet?.
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.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Addington is the location of the property. Can you offer any opinion?
Flying freeholds in Addington are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Addington you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Addington may determine 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.
My husband and I are first time buyers - had an offer accepted, yet the estate agent told us that the vendor will only go ahead if we appoint the agent's chosen conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor with experience of conveyancing in Addington
It is unlikely the owners are behind this. If they require ‘a quick sale', alienating a motivated purchaser is going to damage their objectives. Avoid the agents and go straight to the owners and make sure they comprehend that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your preferred Addington conveyancing solicitors - rather thanthose that will earn the estate agent a referral fee or meet his conveyancing targets demanded by corporate headquarters.
My wife and I purchased a leasehold house in Addington. Conveyancing and Birmingham Midshires mortgage are in place. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Addington who previously acted has long since retired. Any advice?
The first thing you should do is make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a Addington conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
My wife and I have hit a brick wall in trying to purchase the freehold in Addington. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We are happy to put you in touch with a Addington conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Addington flat is 26 Manor Road in July 2010. the Tribunal decided that price to be paid for the freehold was £12,420 This case affected 2 flats. The number of years remaining on the existing lease(s) was 76.75 and 88.83.