We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel lawyer as I would much rather appoint a Eastcote based conveyancing firm?
You should check but the chances are that appoint one of their panel solicitors should you accept the "fee-free" incentive. Call the mortgage company to determine if they offer you a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Eastcote.
I had a mortgage agreed in principle with RBS. Eastcote conveyancing solicitors were chosen. How long does it take for RBS to forward the offer to the solicitor?
Some lenders take longer than others. Have RBS conducted the survey? Have you advised RBS as to your lawyers' details and checked that your lawyers are on the RBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I was told two weeks ago that my mortgage has been agreed to by Co-operative. Is it usual for Co-operative to only issue the offer once my solicitor in Eastcote is approved on their conveyancing panel? Co-operative have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
My sealed bid on a semi in Eastcote has been accepted, the vendors do nevertheless have an associated purchase. The owners have placed an offer on somewhere, however it’s not been accepted yet, and have viewings of other apartments booked. I have chosen a local conveyancing solicitor in Eastcote. What do I do now? At what point should I apply for the mortgage with Aldermore?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is approx one thousand pounds, then valuation, Eastcote conveyancing search fees, etc). The first thing to do is ensure that your lawyer is on the Aldermore approved list. Regarding the next phase this very much dictated by the circumstances of your case, attraction to the property and on the state of the market. During a rising market some buyers would apply for the mortgage with Aldermore and pay for the valuation and only if it comes back ok would they request their property lawyer to press on with searches.
I have todaydiscovered that Wolstenholmes have closed. They carried out my conveyancing in Eastcote for a purchase of a leasehold apartment 12 months ago. How can I establish that my home is not still registered in the name of the former proprietor?
The easiest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Eastcote conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a simple, no chain conveyancing. Eastcote is the location of the property. What do you suggest?
Flying freeholds in Eastcote are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Eastcote you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Eastcote may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am using a search engine for the phrase conveyancing in Eastcote it reveals many conveyancerslocally. How do I determine which is the suitable conveyancer for my move?
The ideal way of seeking the right conveyancer is via trusted referral, so ask colleagues and those you trust who have bought a property in Eastcote or the reputable estate agent or mortgage broker. Charges for conveyancing in Eastcote vary, so it's sensible to obtain a minimum of three quotes from different property lawyers. Dont forget to clarify that the charges are guaranteed not to escalate.
I work for a long established estate agent office in Eastcote where we have witnessed a few flat sales jeopardised as a result of short leases. I have been given contradictory information from local Eastcote conveyancing solicitors. Can you shed some light as to whether the seller of a flat can initiate the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Eastcote conveyancing firm to act on my behalf?
Absolutely. We can put you in touch with a Eastcote conveyancing firm who can help.
An example of a Lease Extension case for a Eastcote property is Flat 72 Queens Walk in January 2013. The Tribunals calculated the premium payable to be £22,090. This case affected 1 flat. The unexpired term as at the valuation date was 53.26 years.