My friend's brother is a conveyancer. I am hopeful that I will receive friends and family pricing for conveyancing, but if not, what kind of fees should I be paying for conveyancing in Honor Oak?
You should compare pricing. Make use of our search tool on this site. You will notice that charges seem to be different but service levels do differ between conveyancers as is true with the vast majority of professional services.
Me and my partner are about to complete buying a house in Honor Oak but as a consequence of wreckage from some water damage at the property I have managed to agree reparation from the owner in the sum of six thousand pounds taking the form of a deduction in the price. I had intended this to be addressed as part of amending the contract but Principality will not agree to this. Why were they notified?
Any solicitor that is on the Principality approved list is obliged to disclose to Principality of any amendments to the purchase price. If you prohibit your property lawyer to report the price change to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new solicitor for your conveyancing in Honor Oak.
three months have elapsed since my purchase conveyancing in Honor Oak completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm buying a new build house in Honor Oak with a mortgage from Yorkshire Building Society. The sellers would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not inform my solicitor about this deal as it may adversely affect my mortgage with the lender. 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'm remortgaging my primary house to a buy to let mortgage with Chelsea Building Society and I will use the ballance of the raised equity as a deposit on another property. The location we are interested in is Honor Oak. Will your solicitors be able to act for the two banks and tie in the transactions?
Do use our search tool on this site to ensure that the lawyers are approved by both banks. Having checked that they are the lawyer will be able to tie up the two conveyancing matters but you should talk with you lawyer and make clear your desired outcome and needs.
Completion is due on our sale of a £400,000 flat in Honor Oak in just under a week. The landlords agents has quoted £348 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Honor Oak?
Honor Oak conveyancing on leasehold apartments normally requires the purchaser’s conveyancer submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to respond to such questions most will be willing to assist. They are at liberty to charge a reasonable administration fee for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it is above £800. The administration charge required by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration charges, without which the charge is technically not due. Reality however dictates that you have little option but to pay whatever is requested of you if you want to complete the sale of your home.
We have reached the end of our tether in negotiating a lease extension in Honor Oak. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a missing freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the price.
An example of a Lease Extension decision for a Honor Oak property is Flat 1 40-42 Ewelme Road in August 2012. the Tribunal assessed the premium for the lease extension in the sum of £11,800 This case related to 1 flat. The number of years remaining on the existing lease(s) was 61.81 years.