I have just started taking steps with the intention of porting my current homeowner loan to a Buy to Let Coventry Building Society mortgage. I have been informed by my broker that I require a lawyer for this. I spoke to the same Keston conveyancing solicitor who who conducted the conveyancing when I initially acquired the house. The costs illustration supplied of £500 is surprising as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate fees appear a tad high. If you are prepared to invest time comparing charges you could reduce the fees slightly by as much as a hundred pounds. That being said, if you were pleased with the service the firm offered you maylive to regret opting for an an unknown conveyancer. Remember to ensure that the conveyancer can also act for Coventry Building Society. You can employ our search tool to select a Keston conveyancing firm on the Coventry Building Society approved list of lawyers, which can often include conveyancing solicitors in Keston.
My grandson is about to exchange on a house that has just been built in Keston with a home loan from Nottingham. His solicitor has said that there is a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The form is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the Nottingham conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Nottingham conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I'm purchasing my first flat in Keston with a mortgage from Godiva Mortgages Ltd. The builders refused to reduce the price so I negotiated 6k of additionals instead. The estate agent suggested that I not disclose to my solicitor about this deal as it may adversely affect my loan with the bank. 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.
My step-father has encouraged me to instruct his lawyers for conveyancing in Keston. Should I use them?
Much as we are happy to recommend a Keston conveyancing lawyer the best way to choose a conveyancing solicitor is to seek guidance from friends or family who have actually previously instructed the solicitor that you are considering.
What advice can you give us when it comes to appointing a Keston conveyancing practice to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Keston conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We recommend that you speak with several firms including non Keston conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:
What are the legal fees for lease extension conveyancing? If they are not ALEP accredited then why not?
After years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Keston. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We can put you in touch with a Keston conveyancing firm who can help.
An example of a Lease Extension case for a Keston flat is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The unexpired lease term was 50.57 years.
My estate agent has recommended their property lawyer for our conveyancing in Keston - Is it not simpler better to just instruct them?
This is not necessarily the case and you are at liberty to opt for whichever conveyancer you decide for your Keston conveyancing. The lawyer put forward by a 3rd party adviser may not always be the best property lawyer, they may suggest their own conveyancing firm who are based far away. In this instance you may not have contact with your lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.