Can you explain why leasehold purchase conveyancing in Edgware costs more?
Edgware leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am considering applying for a Santander mortgage for purchase of a new build (under development) in Edgware with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Santander ?
There is nothing to stop you using your solicitor, but Santander will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am helping my mother sell her flat in Edgware. Does the conveyancing solicitor order the EPC or it is for the seller to coordinate?
After the demise of HIPs, EPC’s was maintained a compulsory element of selling a property. An EPC must be commissioned in advance of the property being put on the market. This is not a task that law firms normally arrange. If you are using a Edgware conveyancing practitioner they may be able to arrange energy assessments due to their contacts with reputable Edgware providers
We are planning to move property in October. Should my conveyancing solicitor update the removal company on the completion day. As an aside, can you put forward a removal company in Edgware. Conveyancing lawyer was organised before I stumbled across this website.
On the day of completion you can collect the keys from your property agent but this should only take place once the vendors solicitors inform the agent that they have the completion monies and the keys can be collected. You should advise the removal men that you are ready to move in. As a matter of policy we do not recommend a particular removal company but can help you choose a conveyancing in Edgware or a lawyer that specialises in conveyancing in Edgware.
My husband and I have arranged the release of further funds on our home loan from Co-operative as we want to carry out a loft conversion to our house in Edgware. Do we need to select a high street Edgware solicitor on the Co-operative conveyancing panel to deal with the legals?
Co-operative don't usually instruct firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Co-operative conveyancing panel.
I'm purchasing a new build house in Edgware benefiting from help to buy. The builders refused to move on the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not disclose to my solicitor about this extras as it could adversely affect my loan 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 have been on the look out for a ground for flat up to £305k and identified one close by in Edgware I like with open areas and transport links nearby, the downside is that it only has 52 years on the lease. There is not much else in Edgware suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan that many years may be problematic. Discount the offer by the amount the 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 may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
Me and mywife and I are in the market for a quality conveyancing solicitor in Edgware to help me sell my home. I am aware of the dangers of getting ripped off and there are so many Edgware conveyancing organisations to choose from...who's the best?
Where you’ve never used a conveyancer in the past, a personal recommendation through family or friends is a great place to start and is often the best barometer of quality. As an alternative option, do review the client testimonials published on your conveyancer’s website or use our search facility to select a conveyancing solicitor in Edgware.