Can you help? My Harold Wood conveyancer is advising me that he has toapply for Harold Wood conveyancing searches becausethe firm are on the Santanderapproved lawyer panel. These Harold Wood searches cost a lot of money can this be avoided?
You have limited options available to you. As you are taking a mortgage with a lender your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the CML Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out Harold Wood conveyancing searches.
Is there a reason why leasehold purchase conveyancing in Harold Wood is more expensive?
The conveyancing costs on a leasehold property in Harold Wood is often higher as compared to a freehold property. This is due to the extra time necessary in dealing with the landlord and management company to obtain evidence about whether the rent and maintenance fee have been discharged and whether there are any major works due in the near future on repairs or maintenance of the building.
Can I be sure that the Harold Wood conveyancing solicitor on the Aldermore panel is any good?
When it comes to conveyancing in Harold Wood obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer carrying out your transaction.
I have today made my last payment due on my mortgage with Lloyds. I assume I don't need a Harold Wood property lawyer on the Lloyds panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Lloyds mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Lloyds mortgage from the register. Lloyds, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Lloyds has sent the Land Registry the discharge electronically, and
- Lloyds has instructed the Land Registry to do so
Intending to buy a maisonette in Harold Wood. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Kent Reliance conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Harold Wood conveyancer is on the Kent Reliance conveyancing panel.
I'm purchasing my first flat in Harold Wood benefiting from help to buy. The sellers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not disclose to my lawyer about the deal as it will put at risk my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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 £245,000 and identified one close by in Harold Wood I like with amenity areas and transport links in the vicinity, however it's only got 52 remaining years left on the lease. I can't really find anything else in Harold Wood for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage that many years will be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
Is there anything unique about your site and alternative online quote calculators for conveyancing in Harold Wood?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Harold Wood. Unlike many estate agents and brokerage sites we do not operate referral arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm paying the most commission, as opposed to the best value conveyancing in Harold Wood