I plan on acquiring an apartment in Putney. My Solicitor is not listed on the bank approved panel. Am I still permitted to appoint my Putney conveyancing solicitor even though they are not on the mortgage company panel?
Your options include
- Carry on with your preferred Putney conveyancing practitioner but your lender will no doubt instruct a conveyancing practitioner on their approved list. The net result is additional cost together with probable frustration.
- Choose a fresh property lawyer to conduct the conveyancing, obviously checking they are on the bank conveyancing panel.
- Appeal to your conveyancer to seek to join the lender panel
My partner and I are acquiring our first home. Our solicitor has calledto ask if we want to take out supplemental conveyancing searches. As novices we have no idea as to what's needed for conveyancing in Putney
The range of Putney conveyancing searches should be triggered based entirely on the property, the location, the likelihood of any of these risks, your knowledge of the area and risks, your overall approach to risk. What matters is that you properly understand what information the searches could supply. You may then make a decision if you consider that you need that search. If uncertain, ask your property lawyer to recommend.
I am about to put an offer on a leasehold flat in Putney. The property agents tell me that it is normal for flats in Putney to have less than 75 years remaining. I am getting a loan with Accord Mortgages. Is this going to be acceptable if the lease has 69 years left.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 23/6/2022 the requirements read as follows :
Are there restrictive covenants that are commonly identified as part of conveyancing in Putney?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Putney. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing a new build house in Putney benefiting from help to buy. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not disclose to my lawyer about this extras as it may affect my loan with Britannia. 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.
How can the Landlord & Tenant Act 1954 affect my business premises in Putney and how can your lawyers assist?
The 1954 Act affords security of tenure to commercial lessees, giving them the legal entitlement to apply to court for a new lease and continue in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Putney