I have just been advised by my lender that my Hampstead property lawyer is not on the bank Solicitor panel. What can I do to check?
The sensible course of action for you to take is to contact your Hampstead conveyancer. It is reasonable to expect your lawyer to inform you of the situation. If they are not on the panel they may be able to suggest a Hampstead conveyancing practice that is on the conveyancing panel for your lender.
Would the conveyancing solicitors listed on your site execute attended exchange conveyancing in Hampstead?
There are a few conveyancing experts carrying out one day exchanges. Please e-mail us to secure a costs illustration and details as to availability.
Completed the sale of my flat in Hampstead last October but our buyer keeps SMS messaging daily to say her solicitor needs to hear from mine. What should my lawyer have done following completion?
Following your house sale your lawyer should forward the transfer documentation and all of the paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer should also send confirmation that the home loan has been redeemed to the buyers lawyers. There are no post completion procedures peculiar conveyancing in Hampstead.
I am buying a new build house in Hampstead benefiting from help to buy. The sellers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not disclose to my solicitor about the side-deal as it may put at risk my loan with HSBC Bank. Should I keep quiet?.
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 am looking for a flat up to £305k and identified one near me in Hampstead I like with amenity areas and railway links nearby, the downside is that it's only got 52 remaining years left on the lease. There is not much else in Hampstead in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I have been recommended by numerous selling agents in Hampstead to get a quote from a property lawyer using your seach tool. What’s the financial inducement for Estate Agents to promote your lawyers ahead of a competitor’s?
We refuse to offer any financial incentive for sending work our way. We thought it would be too underhand to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.