My friend's dad is a conveyancer. I hope that I'll be able to get friends and family fee for conveyancing, However if that does not come materialise, what level of fees would I typically be looking at for conveyancing in Feltham?
You should compare pricing. Make use of our search tool on this site. The fees will vary but the service one can expect are distinct between conveyancers as is the case with most professions.
Our conveyancer has discovered a defect with the lease for the apartment we are purchasing in Feltham. The other side have suggested defective title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor has advised that he must ensure that the lender is content with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
A colleague advised me that in purchasing a property in Feltham there could be various restrictions prohibiting external changes to a property. Is this right?
We are aware of anumerous of properties in Feltham which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Feltham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
It is unclear whether my lender requires a lease extension. I have called my Feltham bank branch on numerous occasions and was told it wasn't a problem and they will lend. My Feltham conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend based on their published requirements. Who do I believe?
The conveyancer must comply with the Council of Mortgage Lenders’ Handbook section two specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the lender 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 lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I am due to exchange contracts on my house. I had a double glazing fitted in September 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, RBS are being pedantic. The Feltham solicitor who is on the RBS conveyancing panel is recommending indemnity insurance as a solution but RBS are requiring a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Just had an offer accepted on a new build flat in Feltham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Feltham
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
As co-executor for the will of my grandmother I am disposing of a residence in Neath but I am based in Feltham. My lawyer (based 235 miles awayneeds me to execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Feltham who can attest this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will suffice regardless of whether they are Feltham based
Developers have recommended to me a solicitor and I've sought an estimate from them. It's nearly £250 cheaper than my local Feltham solicitor. Should I use them?
Developers often have lists of conveyancing practitioners who are quick and who know the developer’s paperwork and conveyancer. Plenty of developers offer an incentive to select their approved conveyancer for this reason, any increased fees can be avoided and a developer will not recommend a conveyancing warehouse and run the risk of having the transaction delayed when they demand an exchange in 28 days. The argument for not agreeing to use the recommended conveyancing practitioner is that they may prove reluctant to 'push' your interests at the risk of upsetting the developer. Where you have concerns that this may be the case you should keep with your high street Feltham property lawyer.