Are the BSA intent on creating a online directory to to identify solicitors on the Norwich and Peterborough Building Society conveyancing panel for instance in Coulsdon?
We are not aware of any plans on the part of the BSA to develop such a search facility.
It has been 3 months following my purchase conveyancing in Coulsdon took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm buying my first flat in Coulsdon with a loan from Nottingham Building Society. The sellers would not budge the price so I negotiated £7000 of extras instead. The property agent suggested that I not to tell my lawyer about this side-deal as it could put at risk my mortgage with Nottingham Building Society. 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 property in Coulsdon in advance of appointing conveyancers. I have been told that there is a flying freehold element to the house. My surveyor advised that some lenders tend refuse to grant a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you contact us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Coulsdon. Conveyancing may be slightly more expensive based on your lender's requirements.
My husband and I are a fortnight into a residential purchase having been directed to a firm by the high street agent to handle our conveyancing in Coulsdon. We are not happy. Could you help me find new conveyancers?
A lawyer would have to be very bad in order to consider changing them. Has the mortgage offer been generated? In the event that it has you will need to make them aware of the replacement conveyancer and get the loan are re-issued. The solicitor ideally needs to be on the lenders approved list to avoid supplemental fees and complications. So that should be your starting point. Our find a solicitor tool will assist you in finding a lender approved lawyer for your home move in Coulsdon
We are in the throes of a leasehold sale of a flat in Coulsdon. Conveyancing lawyers are doing their job but we are being charged a fortune from the freeholder. So far we have forked out £237 for a leasehold management pack and then a further £200 plus VAT for supplemental questions raised by the buyers property lawyer.
Your property lawyer will unlikely have any sway over the level of the fee for this information however the typical costs for the information for Coulsdon leasehold premises is £350. When it comes to Coulsdon conveyancing transactions it is conventional for the owner to pay for these costs. The freeholder or their agents are under no statutory obligation to answer these questions although many will agree to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Regretfully there is no legislation that mandates set charges for administrative tasks. There is no prescriptive time frame by which they are required to issue the information.