I had intended to instruct a conveyancing solicitor in Petersfield for our home move. Our financial adviser has since notified us that our mortgage company Halifax won't deal with them. Surely this is unduly restrictive?
A bank can require a panel solicitor act for it. You would be expected to bear the charges for this. Please make use of our search facility to select a solicitor to carry conveyancing in Petersfield on the Halifax approved list of solicitors.
Does a directory service exist listing UBS panel solicitors in Petersfield on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of banks make their panel listings open the public on the web. If you are seeking to appoint a Petersfield conveyancer on the UBS please make the most of our tool.
The mortgage over my property is with Barclays for my property in Petersfield. Conveyancing has been completed months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
Your original mortgage agreement with Barclays will provide that you need their approval in advance of renting your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. It should not be necessary to do this via a Barclays conveyancing panel solicitor.
Nottingham have agreed my home loan in principle, my offer on a apartment in Petersfield has been accepted, what happens next?
The property agent will want to be informed of your property lawyer's details (ensure that the solicitors are on the bank’s approved list). Contact Nottingham or the broker and finalise any outstanding paperwork. Nottingham will instruct a valuer who will get in touch with the estate agent or vendor to book an appointment. Once carried out (assuming no problems) it takes approximately ten days to receive the mortgage offer. Nottingham will send the offer to you and your lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Petersfield.
I am buying my first flat in Petersfield benefiting from help to buy. The builders would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not reveal to my lawyer about the side-deal as it could put at risk my mortgage with Santander. 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.
What does commercial conveyancing in Petersfield cover?
Non domestic conveyancing in Petersfield covers a wide array of services, provided by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I need to find a conveyancing solicitor for sale conveyancing in Petersfield. I happened to stumble upon a site which looks to be the perfect solution If there is a chance to get all formalities done via email that would be ideal. Should I be wary? What are the potential pitfalls?
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?
Expecting to sign contracts shortly on a garden flat in Petersfield. Conveyancing lawyers have said that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Petersfield should include some of the following:
Ground rent - what is payable and when you need to pay, and be on notice if this will change in the future Advice as to the provision as set out in the lease to pay service charges - in relation to the building, and the wider rights a lessee enjoys You should have a good understanding of the insurance provisions Whether your lease has a provision for a slush fund? Who has the liability for maintaining the window frames
I am the registered owner of a ground floor flat in Petersfield, conveyancing having been completed 10 years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Petersfield with an extended lease are worth £175,000. The average or mid-range amount of ground rent is £65 yearly. The lease runs out on 21st October 2079
With 58 years unexpired the likely cost is going to range between £23,800 and £27,400 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.