Recently contacted my conveyancing lawyer in Maryland who completed the legal work 18 months ago requesting a conveyancing estimate based on the same type of house sale & purchase (a leasehold premises and a freehold premises) of almost identical values with a mortgage from HSBC Bank. I am now being charged double. Am I right to be tempted to shop around for a cheaper internet conveyancer?
The estimate does seem a tad overpriced. If you you were to look around you may be able to trim some of the expense by as much as £100 plus VAT. On the other hand, providing that you were pleased with the service the firm offered you mightlive to regret choosing an an untested lawyer. If is important to ensure the conveyancer can represent HSBC Bank. You can utilise our search tool to choose a Maryland conveyancing firm on the HSBC Bank approved list of lawyers, which can often include conveyancing solicitors in Maryland.
We were just about to exchange contracts for a ground floor flat in Maryland. We encountered a snag. Our mortgage offer with Nottingham Building Society runs out on 20/5/2020 but the sellers are suggesting a completion date of 22/5/2020. Is it possible to prolong the loan expiry date?
The person best placed to address this question is your conveyancer who is in a position to determine if they corresponding with the bank, vendor’s representatives, selling agents or conceivably all three taking into account what has happend in your house move as of today.
Me and my brother have a renovated Edwardian house in Maryland. Conveyancing practitioner acted for me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Maryland and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing lawyer who conducted the conveyancing.
I am purchasing my first flat in Maryland with a mortgage from Norwich and Peterborough Building Society. The builders would not budge the amount so I negotiated 6k of additionals instead. The sale representative advised me not reveal to my solicitor about this extras as it would adversely affect my mortgage with Norwich and Peterborough Building Society. 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.
Due to the advice of my in-laws I had a survey completed on a house in Maryland in advance of instructing conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies may not grant a loan on this type of property.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Maryland. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Maryland to see if the conveyancing will be more expensive.
I need to appoint a conveyancing solicitor for remortgage conveyancing in Maryland. I have discover a site which appears to be the perfect solution If there is a chance to get all formalities completed via web that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?