I am purchasing a brand new apartment in Knotty Ash and my solicitor is informing me that she is duty bound to the bank to disclose incentives from the seller. I am under pressure to exchange contracts and I have no desire to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am buying a property in Knotty Ash. A rare aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Lloyds your lawyer must follow the formal instructions contained in Section two of UK Finance Lenders’ Handbook for Lloyds. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Lloyds where a lease fails to comply with these conditions. The requirements relate to the installation of panels on properties nationwide and is not limited to Knotty Ash.
Completion of my purchase has taken place for my property in Knotty Ash. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
After much negotiation I have agreed a price on an apartment in Knotty Ash. My mortgage broker suggested a conveyancer. I paid an on account payment of £150. Shortly after, the lawyer contacted me sheepishly admitting that they were not on the Lloyds conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Lloyds panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Have completed on a a detached house in Knotty Ash , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Knotty Ash conveyancing solicitor works at snail pace, so I want to be sure the post completion formalities are addressed.
As far as conveyancing in Knotty Ash registration is no faster or slower than the rest of the country. Rather than based on location, timescales can differ according to the party submitting the application, whether it is in order and whether the Land registry need to notify any other parties. Currently approximately three quarters of submission are completed in less than three weeks but some can be subject to extensive hold-ups. Historically registration is effected after the buyer has moved in to the property thus an expedited registration is not always an essential issue but if it is urgent that the the registration takes place urgently then you or your solicitor could communicate with the Registry to express the reasoning for the application to be prioritised.
What makes your site different to alternative internet conveyancing solicitors for conveyancing in Knotty Ash?
At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Knotty Ash. Unlike many estate agents and many comparison sites we do not have commission arrangements with solicitors. A large number of agents and online brokers 'recommend' the firm that pays the most commission, rather than the best value conveyancing in Knotty Ash
What makes a Knotty Ash lease unmortgageable?
Leasehold conveyancing in Knotty Ash is not unique. All leases are unique and drafting errors can sometimes mean that certain sections are wrong. The following missing provisions could result in a defective lease:
-
A provision to repair to or maintain parts of the premises
A defective lease will likely cause problems when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Norwich and Peterborough Building Society, and Alliance & Leicester all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to withdraw.
Knotty Ash Conveyancing for Leasehold Flats - Sample of Questions you should ask before Purchasing
-
In the main the outlay for major works tend not to be included within service charges, albeit that a few managing agents in Knotty Ash ask tenants to contribute towards a sinking fund and this is used to offset against major repairs or maintenance. It would be wise to discover if there is anything that is prohibited in the lease. For example it is very common in Knotty Ash leases that pets are not permitted in in a block in Knotty Ash. If you love the apartmentin Knotty Ash but your cat is not allowed to make the move with you then you will be presented with a hard choice. Is there a share of the freehold?
How varied are the property related services that Knotty Ash conveyancing firms provide?
On the whole Knotty Ash conveyancing organisations tend to offer a broad range of assistance to domestic and agricultural land proprietors, vendors, first time buyers, freeholders and leaseholders which may include:
-
Private sale conveyancing in Knotty Ash or throughout the rest of the country
Domestic purchase conveyancing in Knotty Ash and also around the country
Advising in respect of rights of drainage, services, and access (Easements) Property investment and buying to Let Staircasing and Equity Loan Redemption Knotty Ash conveyancing for property being disposed of by a bank