I am need of leasehold conveyancing for a flat in a fairly new development (seven years old) in Honor Oak. The vast majority the flats have already been disposed of. Is it really necessary to order conveyancing searches for my conveyancing in Honor Oak?
Conveyancing Searches are a critical link in the Honor Oak conveyancing process. There are numerous search providers conducting Honor Oak conveyancing searches, as well direct from the local authority. These are known collectively as personal search providers and they produce, not surprisingly, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must obtain their information from the local authoritative source.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Honor Oak. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 3/10/2024, the requirements read as follows :
I am expecting a DIP from Clydesdale this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Clydesdale recommend any Honor Oak solicitors on the Clydesdale conveyancing panel, or is it better to go independently?
You will need to appoint Honor Oak solicitors independently although you'll need to choose one on the Clydesdale conveyancing panel. The solicitor represents both you and Clydesdale through the process.
The formalities of my remortgage has taken place for my property in Honor Oak. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are resolved effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I am due to exchange contracts on my apartment. I had a double glazing fitted in May 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s mortgage company, Nationwide are being problematic. The Honor Oak solicitor who is on the Nationwide conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Nationwide are requiring a building regulation certificate. Why do Nationwide have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nationwide have referred the matter to their valuer. The reason why Nationwide 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.
I'm purchasing my first flat in Honor Oak with a mortgage from Bank of Scotland. The builders refused to move on the amount so I negotiated 6k of extras instead. The house builders rep told me not disclose to my lawyer about the deal as it would impact my mortgage with the bank. 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 am looking for a flat up to £245,000 and identified one close by in Honor Oak I like with a park and railway links in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Honor Oak for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the remaining unexpired lease term may be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
My husband and I are new to the buying process - had an offer accepted, yet the agent informed us that the owners will only issue a contract if we use their chosen solicitors as they want a ‘quick sale’. My instinct tells me that we should use a high street conveyancer with experience of conveyancing in Honor Oak
We suspect that the seller is unaware of this requirement. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is likely to cause more damage than good. Contact the sellers directly and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you will continue to appoint your preferred Honor Oak conveyancing firm - not the ones that will provide the negotiator at the agency a commission or meet his conveyancing figures demanded by head office.