AssumingI was to buy a straightforward homein Lower Morden mortgage fee and dispense with a survey and no conveyancing searches how much should I expect to have to pay for conveyancing in Lower Morden?
Any savings you would achieve would be limited to the Lower Morden conveyancing searches. A conveyancing practitioner still got to do everything else - money laundering, liaising with the vendors lawyer, SDLT submission, register the ownership etc. You might save a bit for them not needing to register a charge however it will not be meaningful.
Can I use your services to locate a Conveyancing solicitor in Lower Morden even if I’m not buying or disposing of a house, for instance where I wish to acquire a shop in Lower Morden with a loan from National Westminster Bank?
Our comparison service is primarily utilised to select residential conveyancing solicitors in Lower Morden but we have set out towards the end of this page some Lower Morden commercial conveyancing firms. You should make contact with the firm directly to see if they can also act for National Westminster Bank
My father pointed out to me me that in buying a property in Lower Morden there could be various restrictions as to what one can do in terms of external changes to the property. Is this right?
We are aware of a number of properties in Lower Morden which have some sort of restriction or requirement of consent to external changes. Part of the conveyancing in Lower Morden should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
It is not clear whether my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Lower Morden bank branch on a couple of occasions and was told they are content with the situation and they would lend. My Lower Morden conveyancing solicitor - who is on the bank conveyancing panel- called and was told they will not lend based on their published requirements. I have no idea who is right.
As long as the conveyancing practitioner is on the mortgage company panel, she or he must follow the Council of Mortgage Lenders’ Handbook conditions for the lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
At last I have had an offer on an apartment in Lower Morden agreed to, but there is a chain. The owners have offered on a property, however it’s not yet agreed to, and are looking at other properties in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Lower Morden. What should be my next step? When do I get the mortgage application with UBS going?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then valuation, Lower Morden conveyancing search costs, etc). The first course of action is to ensure that your lawyer is on the UBS approved list. Regarding the subsequent stages this very much depends on the uniqueness of your transaction, desire for the property and on the state of the market. During a rising market the majority of buyers will apply for the mortgage with UBS and pay for the valuation and only if it comes back ok would they request their conveyancer to proceed with the conveyancing in Lower Morden.
3 months have elapsed following my purchase conveyancing in Lower Morden took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 asset 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 am buying my first flat in Lower Morden with a mortgage from Platform Home Loans Ltd. The developers would not budge the amount so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not reveal to my lawyer about the side-deal as it could affect my mortgage with Platform Home Loans Ltd. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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 just appointed agents to market my garden apartment in Lower Morden. Conveyancing solicitors are to be appointed soon, but I have just had a half-yearly maintenance charge invoice – what should I do?
The sensible thing to do is pay the maintenance contribution as you normally would as all ground rent and service invoices will be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
After months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Lower Morden. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to put you in touch with a Lower Morden conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Lower Morden premises is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case related to 1 flat. The remaining number of years on the lease was 60.43 years.