Just contacted my conveyancing solicitor in Forest Hill who conducted the legals two years ago requesting a conveyancing quote based on an identical type of house move (a leasehold residence and a freehold property) of similar values with a loan from Barclays . I am now being charged double. Am I right to be tempted to shop around for a cheaper internet firm of conveyancing solicitor?
The estimate fees appear a bit high. Where you are willing to invest time scrutinising prices you may be able to get the conveyancing a bit cheaper by say £125. That being said, assuming were happy with the service the firm gave you mightlive to rue choosing an an unknown conveyancer. Don't forget to be sure the solicitor can act for Barclays . Do make use of our search tool to locate a Forest Hill conveyancing firm on the Barclays member panel, which can often include conveyancing solicitors in Forest Hill.
I am the registered owner of a freehold property in Forest Hill but nevertheless invoiced for rent, why is this and what is this?
It’s unusual for properties in Forest Hill and has limited impact for conveyancing in Forest Hill but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
My wife and I have recently appointed a conveyancing solicitor in Forest Hill. I I am struggling to find out whether they are accepted on the Alliance & Leicester conveyancing panel. Can you advise?
The first thing you should do is phone the conveyancer and ask them whether they are on the lender panel. Otherwise you can call Alliance & Leicester who may be able to assist.
I'm buying a new build house in Forest Hill with a loan from Alliance & Leicester . The sellers would not move on the amount so I negotiated 6k of extras instead. The property agent advised me not to tell my solicitor about the extras as it will adversely affect my mortgage with the lender. 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.
I decided to have a survey completed on a house in Forest Hill before instructing lawyers. I have been told that there is a flying freehold aspect to the house. The surveyor advised that some banks will refuse to issue a mortgage on such a premises.
It varies from the lender to lender. Santander has different instructions for example to Halifax. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Forest Hill. Conveyancing may be slightly more expensive based on your lender's requirements.
I need to appoint a conveyancing solicitor for sale conveyancing in Forest Hill. I happened to stumble upon a web site which appears to be the ideal answer If it is possible to get all formalities done via web that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?