Our lawyer has uncovered a a problem with the lease for the flat we are purchasing in Birchington. The seller’s lawyers have suggested defective title insurance as a solution. We are happy with insurance and will pay for it. Our property lawyer says that he must ensure that the mortgage company is willing to move forward with this solution. Are we the client or is the bank?
Notwithstanding that you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the bank are the client. The appropriate lender specifications have to be complied with.
We hope to to purchase with Loughborough BS. I visited 3 or 4 local firms but cant to find a Birchington conveyancing firm on the Loughborough BS approved list. Could you help?
Feel free to make the most of the search tool on this web page. Pick the building society and type Birchington or your location and you will discover numerous solicitors offices in Birchington or near you.
I'm purchasing my first flat in Birchington benefiting from help to buy. The sellers refused to budge the amount so I negotiated £7000 of additionals instead. The property agent told me not inform my conveyancer about the deal as it may put at risk my mortgage with the lender. 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.
What makes your site different to other internet conveyancing solicitors when it comes to conveyancing in Birchington?
At this site obtain an accurate costs illustration from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Birchington. Unlike many estate agents and brokerage sites we do not charge firms a fee if you instruct them for your conveyancing in Birchington
I need to instruct a conveyancing solicitor in Birchington for my remortgage. Is it possible to see a solicitor's record with the legal regulator?
Members of the public may search for published Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records Pre 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, call +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training purposes.
I want to sublet my leasehold apartment in Birchington. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Some leases for properties in Birchington do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I bought a 2 bed flat in Birchington, conveyancing formalities finalised in 1995. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Birchington with over 90 years remaining are worth £197,000. The average or mid-range amount of ground rent is £55 levied per year. The lease terminates on 21st October 2080
With 55 years remaining on your lease we estimate the price of your lease extension to range between £31,400 and £36,200 as well as costs.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.