Unfortunately I am unable to travel far from Cuffley. I would like to know the logic why all Cuffley conveyancers aren't automatically on all bank panels?
Pre- 2008 most lenders displayed an attitude to risk which is different than today. The Financial Services Authority in 2010 conducted a thematic review into property fraud which in summary warned lenders: know the property lawyers on your panel. As a result, mortgage companies have subsequently looked to extract more information from law firms concerning their operations and the staff employed by them and set certain criteria such as completing a minimum volume of transactions. Hundreds of law practices have been removed from lender panels even though they had an exemplary disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms found it impossible satisfy the criteria of amount of transactions the lenders insisted on.
Our mortgage company has suggested a law firm on their panel based in Cuffley but I would rather choose a conveyancing lawyer in Cuffley round the corner to me. Can you assist?
Far from all Cuffley conveyancing practitioners are approved and listed on all lender’s conveyancing panel. Please make use of the above find an approved solicitor tool to choose a Cuffley conveyancing solicitor on the on the lender panel.
I am buying my first flat in Cuffley with the aid of help to buy. The builders would not budge the price so I negotiated £7000 of additionals instead. The estate agent told me not reveal to my solicitor about this extras as it may adversely affect my loan with Bank of Scotland. 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.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one close by in Cuffley I like with amenity areas and transport links nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Cuffley in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan that many years may be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
In what way can the Landlord & Tenant Act 1954 impact my business premises in Cuffley and how can your lawyers assist?
The particular law that you refer to gives a safeguard to business tenants, giving them the legal entitlement to apply to court for a new lease and remain in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Cuffley is one of the many locations in which the firms we work with have offices
My father has encouraged me to instruct his conveyancers in Cuffley. Should I find my own property lawyer?
There are no two ways about it the best way to select a conveyancing practitioner is to seek recommendations from friends or relatives who have used the firm you're considering.