We see that you have a post code search directory listing firms on the UBS conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Lea Bridge?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Lea Bridge.
I am purchasing a new build house in Lea Bridge with a loan from National Westminster Bank. The sellers would not budge the price so I negotiated £7000 of additionals instead. The house builders rep suggested that I not disclose to my solicitor about the extras as it would impact my loan with National Westminster Bank. Should I keep quiet?.
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 have been on the look out for a flat up to £195,000 and identified one close by in Lea Bridge I like with amenity areas and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Lea Bridge in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan that many years will be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this.
I'm remortgaging my current property to a BTL mortgage with Clydesdale and I will use the rest of the raised equity towards a second house. The neighborhood we are looking at is Lea Bridge. Will your conveyancers be able to act for both sets of banks and link together the conveyances?
Do use our comparison tool on this site to ensure that the solicitors are approved by both lenders. Having checked that they are the solicitor will be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make apparent your expectations and needs.
Due to exchange soon on a ground floor flat in Lea Bridge. Conveyancing lawyers have said that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Lea Bridge should include some of the following:
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Ground rent - what is due and when you need to pay, and also know whether this is subject to change Who has the liability to repair and maintain the block. It is essential for you to know who is liable for the repair and maintenance of all parts of the block and communal areas What options are open to you if another leaseholder in the building breaches a clause of their lease? You should be advised what is to be regarded as a Nuisance in the lease Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice?
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Lea Bridge conveyancing firm to help?
Where there is a missing landlord or if there is dispute about the premium for a lease extension, 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 assess the amount due.
An example of a Freehold Enfranchisement case for a Lea Bridge flat is 104 Nightingale Road in May 2009. The Tribunal's Decision is that the premium torbe paid for the enfranchisement in this case is £112,174 This case was in relation to 10 flats. The unexpired term was 71.25 years.
What advice do you have for searching for leasehold conveyancing in Lea Bridge?
First ask your friends and family who they used in the past and if they were happy with the service. Option 2 is to look on the internet for conveyancing in Lea Bridge. Call two or three from the list and request that they email you their conveyancing fees and speak to the lawyer who will conduct your conveyancing before you make your decision. Option 3 is to use our search tool to assist you in finding the right lawyers taking into account your unique factors including location,speed, complexity and who your intended mortgage company is.Do not be fooled by £99 conveyancing solicitors in Lea Bridge