I have 71 years unexpired on my lease and need a lease extension for my flat in Brighouse. Conveyancing solicitors on the Tesco Bank panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Tesco Bank have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 13/10/2021 the requirements read as follows :
I'm buying a new build house in Brighouse with the aid of help to buy. The developers would not budge the price so I negotiated 6k of additionals instead. The property agent advised me not inform my conveyancer about this side-deal as it could impact my mortgage with Platform Home Loans Ltd. 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 opted to have a survey completed on a house in Brighouse in advance of instructing lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies may refuse to grant a loan on such a house.
It varies from the lender to lender. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can look into this further with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brighouse. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brighouse to see if the conveyancing costs will increase in light of this.
How simple is it to transfer to a new firm as I need to find a firm on the Coventry Building Society conveyancing list. I had appointed a high street conveyancing solicitor in Brighouse round the corner but she is not approved by Coventry Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Brighouse on the Coventry Building Society panel. Please note that the law firms that we list do not pay us fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Brighouse. In utilising the find a conveyancing solicitor tool on this site, you can contrast charges for conveyancing solicitors in Brighouse and throughout England and Wales.
We're FTB’s - agreed a price, yet the agent informed us that the vendor will only issue a contract if we instruct the agent's preferred conveyancers as they want a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Brighouse
It is improbable the sellers are behind this. Should the seller require ‘a quick sale', alienating a genuine purchaser is counter productive. Contact the owners directly and make sure they comprehend that (a)you are motivated buyers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you are going to use your own,trusted Brighouse conveyancing lawyers - as opposed tothe ones that will earn their estate agent a referral fee or achieve conveyancing targets demanded by corporate headquarters.
Me and my husband have agreed a price on a Brighouse apartment left to us 8 years ago in 2011. I have over a decades worth of conveyancing knowledge and, although retired, intend to undertake the legal work. The purchaser's property lawyer has informed me that their Lenders will not allow you to do your own conveyancing mandating that the funds to be sent to a solicitor's bank account.
Mortgage requirements to property lawyers from all CML members state that If the seller is not legally represented the buyer’s lawyers should check whether the lender needs to be notified so that a decision can be made as to whether or not they are willing to move forward.