In reviewing online forums for a recommended lawyer in Motspur Park, most advise that I must use a CQS assured lawyer. What is CQS?
The Law Society's Conveyancing Quality Scheme is the recognised kitemark for legal experts in home moving process, trusted by some of the UK's leading mortgage companies. In 2011-12 the Conveyancing Quality Scheme was officially recognised by the Council of Mortgage Lenders (CML). CQS is not a scheme offered by the Society for Licensed Conveyancers. Motspur Park is one of the many areas in England and Wales where there are CQS lawyers.
Me and my partner are purchasing a property in Motspur Park. I might seem paranoid but how we can trust a lawyer? On the day of competition we will need to put our life savings into their account. What protection do we have from them run away with our monies?
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 are getting the release of further monies on our home loan from Clydesdale as we intend to carry out a loft conversion to our house in Motspur Park. Do we need to appoint a nearby Motspur Park solicitor on the Clydesdale conveyancing panel to deal with the paperwork?
Clydesdale do not ordinarily instruct firms on their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale list.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Motspur Park bank branch on numerous occasions and was advised it wasn't a problem and they would lend. My Motspur Park conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend based on their published requirements. I have no idea who is right.
Your property lawyer has to comply with the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank 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 mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I'm purchasing my first flat in Motspur Park with a mortgage from Alliance & Leicester . The builders refused to budge the amount so I negotiated £7000 of extras instead. The sale representative suggested that I not reveal to my solicitor about the deal as it will jeopardize my loan with Alliance & Leicester . Is this normal?.
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 opted to have a survey carried out on a property in Motspur Park before retaining lawyers. I have been informed that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies may not give a mortgage on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. If you contact us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Motspur Park. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Motspur Park to see if the conveyancing costs will increase in light of this.
My partner has recommend that I instruct his conveyancing solicitors in Motspur Park. Should I choose my own solicitor?
Much as we are happy to recommend a Motspur Park conveyancing lawyer the ideal way to choose a conveyancing practitioner is to get feedback from friends or relatives who have actually used the solicitor that you are are thinking of instructing.
What advice can you give us when it comes to choosing a Motspur Park conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for your lease extension (regardless if they are a Motspur Park conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Motspur Park conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
Can they put you in touch with clients in Motspur Park who can give a testimonial? What volume of lease extensions have they conducted in Motspur Park in the last twenty four months?
I have had difficulty in trying to purchase the freehold in Motspur Park. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We are happy to put you in touch with a Motspur Park conveyancing firm who can help.
An example of a Lease Extension case for a Motspur Park 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 affected 1 flat. The number of years remaining on the existing lease(s) was 60.43 years.