We are expecting a mortgage offer soon. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel conveyancer as I would much rather use a local conveyancing solicitor in Maze Hill?
Do check but the the probability is that allocate you one of their panel solicitors if you want the "fee-free" incentive. Call the bank and see if they offer you a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Maze Hill.
My wife and I are buying a apartment in Maze Hill. I might seem paranoid but how we can trust a conveyancer? At some point we will need to put funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We had appointed conveyancing lawyers locally in Maze Hill on the Barclays solicitor approved list. They have just billed me a further amount for dealing with the Barclays mortgage. Is this an additional conveyancing fee specified by Barclays?
Provided it is contained in their Terms and Conditions or Quote then yes your lawyer can charge a fee for this. This charge is not set by Barclays but by your Maze Hill property lawyer. Some firms on the Barclays panel will quote an ‘acting for lender’ fee and others do not.
Completion of my purchase has taken place for my property in Maze Hill. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
Almost all banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out 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 who will take matters further.
I am buying a new build house in Maze Hill with the aid of help to buy. The builders would not move on the price so I negotiated 6k of extras instead. The house builders rep advised me not reveal to my solicitor about the deal as it may jeopardize my loan with Virgin Money. 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 am selling my property. My former solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Maze Hill if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Maze Hill. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
We're FTB’s - had an offer accepted, but the property agent advised that the vendor will only issue a contract if we instruct their recommended conveyancers as they want a ‘quick sale’. Our preferred option is to instruct a local solicitor used to conveyancing in Maze Hill
It is improbable the vendors are driving this. If they want ‘a quick sale', alienating a motivated purchaser is is going to put the whole deal at risk. Avoid the agents and go straight to the sellers and explain that (a)you are genuine purchasers (b)you are excited to move forward, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you intend to instruct your preferred Maze Hill conveyancing solicitors - rather thanthe ones that will provide the negotiator at the agency a introducer fee or achieve conveyancing targets set by head office.
I am attracted to a couple of flats in Maze Hill both have in the region of 50 years remaining on the leases. Do I need to be concerned?
A lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the saleability of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is advisable to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a conveyancer and surveyor with experience in this area.
I have had difficulty in trying to purchase the freehold in Maze Hill. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We are happy to put you in touch with a Maze Hill conveyancing firm who can help.
An example of a Lease Extension case for a Maze Hill flat is 73 Walerand Road in August 2012. the result of the findings of the Tribunal led to a premium to be paid for the extended lease in respect of Flat 73 in the sum of £10,040. The premium applicable in respect of Flat 85 was £5,710. This case related to 2 flats. The number of years remaining on the existing lease(s) was 72 years.