My fiance’s dad is a solicitor. I am hopeful that I'll be able to get preferential pricing for conveyancing, but if not, what kind of fees should I be expecting for conveyancing in East Croydon?
It’s a good idea to look for two or three conveyancing estimates. Make use of our comparison tool on this page. The amounts will vary but the service one can expect are distinct between law firms as is true with the vast majority of professional services.
We are buying a flat and require a conveyancing solicitor in East Croydon who is on the Kent Reliance conveyancing panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Kent Reliance . We don't recommend any particular firms conducting conveyancing in East Croydon.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in East Croydon. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/6/2022, the requirements read as follows :
I have decided to exercise my right to buy my property in East Croydon off the council. I have a mortgage offer with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
The mortgage over my property is with Co-operative for my property in East Croydon. Conveyancing was finalised 12 months ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Co-operative?
Your original mortgage agreement with Co-operative will provide that you need their approval prior to letting out your property as this is likely to be a breach of Co-operative’s mortgage conditions. It may be that Co-operative will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Co-operative directly. It should not be necessary to do this via a Co-operative conveyancing panel solicitor.
I can not fathom if my mortgage offer requires a lease extension. I have called my East Croydon building society branch on various occasions and was told they are content with the situation and they will lend. My East Croydon conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they would not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Provided that the lawyer is on the lender panel, they must follow the CML Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am purchasing my first flat in East Croydon with a mortgage from Virgin Money. The developers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative advised me not reveal to my solicitor about this deal as it would jeopardize my mortgage with Virgin Money. Is this normal?.
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.
Due to the advice of my in-laws I had a survey completed on a property in East Croydon ahead of retaining lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies may not give a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in East Croydon. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in East Croydon to see if the conveyancing costs will increase in light of this.