We see that you have a search directory identifying solicitors on the Principality conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in South Ockendon?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in South Ockendon.
I'm purchasing my first flat in South Ockendon with a loan from Aldermore. The builders would not budge the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative told me not to tell my solicitor about the side-deal as it could put at risk my loan with Aldermore. Do I keep my lawyer in the dark?.
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 decided to have a survey done on a house in South Ockendon prior to instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some lenders may refuse to issue a mortgage on such a house.
It varies from the lender to lender. Santander has different instructions for example to Halifax. If you contact us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in South Ockendon. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm converting the mortgage on my existing property to a BTL loan with Chelsea Building Society and I will use the ballance of the raised equity towards further house. The area we are interested in is South Ockendon. Will your lawyers be able to act for the two lenders and link together the transactions?
Make use of our search tool on this page to check that the conveyancers are approved by both lenders. Having checked that they are the solicitor should be able to connect the two deals but you should have a chat with you solicitor and make apparent your desired outcome and requirements.
Can you provide any top tips for leasehold conveyancing in South Ockendon with the purpose of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in South Ockendon can be reduced if you appoint lawyers the minute you market your property and request that they start to put together the leasehold information needed by the purchasers’ representatives. If you have had any disputes with your freeholder or managing agents it is very important that these are resolved before the property is marketed. The purchasers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is clearly preferable to reveal the dispute as over as opposed to unsettled. Many freeholders or managing agents in South Ockendon levy fees for providing management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most common cause of delay in leasehold conveyancing in South Ockendon. A minority of South Ockendon leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers. If you have the benefit of shareholding in the freehold, you should ensure that you are holding the original share document. Arranging a replacement share certificate can be a lengthy process and slows down many a South Ockendon conveyancing deal. Where a duplicate share is needed, do contact the company director and secretary or managing agents (if relevant) for this sooner rather than later.
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in South Ockendon. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing landlord or where there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the price.
An example of a Lease Extension case for a South Ockendon property is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The number of years remaining on the existing lease(s) was 57.5 years.
The conveyancers undertaking our conveyancing in South Ockendon has sent papers to review that reveal that the property is unregistered with epitome documents. How can it be that the property not yet recorded at HM Land Regsitry?
Most property in South Ockendon is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of South Ockendon conveyancing solicitors will be capable of dealing with such matters but in the event that uncertainty prevails the prevailing guidance these days appears to be for the seller to address the registration formalities first and then deal with the dispose of the property to the purchaser - this will have a domino effect to cause a prolonged transaction.