What is the best way to check that the solicitor carrying out my conveyancing in Colliers Wood is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Accord Mortgages Ltd thus paying £187.00 plus VAT in additional conveyancing costs.
You should make the most of the find a conveyancing panel solicitor tool on this page. Please choose the mortgage company and type ‘Colliers Wood’ or your preferred area and you will be presented with numerous conveyancers based in Colliers Wood or nearest you.
I am buying a new build house in Colliers Wood benefiting from help to buy. The builders refused to reduce the price so I negotiated £7000 of extras instead. The sale representative told me not to tell my conveyancer about the extras as it will affect my mortgage with the bank. 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.
I was advised by a number of selling agents in Colliers Wood to select a solicitor on your site. Is there a financial upside for Estate Agents to promote your lawyers ahead of another?
We refuse to give any financial incentive for sending work our way. We found it would be just too difficult to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am thinking of appointing a conveyancing practitioner in Colliers Wood for my remortgage. Can I review a solicitor's complaints history with the legal regulator?
You may find documented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Visit Check a solicitor's record. To find information Pre 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The SRA may recorded call for training requirements.
I've found a house that appears to tick a lot of boxes, at a great price which is making it all the more appealing. I have since discovered that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Colliers Wood. Conveyancing advisers have not yet been appointed. Will they explain the issues?
The majority of houses in Colliers Wood are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Colliers Wood so you should seriously consider looking for a Colliers Wood conveyancing solicitor and check that they are used to transacting on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as requiring the landlord’spermission to carry out alterations. You may also be required to pay a contribution towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should appraise you on the various issues.
Following years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Colliers Wood. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the LVT to make a decision on the premium.
An example of a Lease Extension case for a Colliers Wood flat is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case affected 1 flat. The remaining number of years on the lease was 62.94 years.
I was informed by my bank that their panel lawyers operate no sale no fee basis for conveyancing in Colliers Wood. I had a purchase fall through and now the lawyers have requested search fees! They are claiming that the fees are nothing to do with their fees!
By offering "no completion no fee" Colliers Wood conveyancing lawyers are foregoing their charges for any work carried out. We must stress this is not to be regarded as an insurance scheme. you will still required to cover any costs that the lawyer has outlayed on your behalf for example Colliers Wood local authority searches