I'm the single recipient of my late mum's will with all property in now in my sole name, including the my former home in Spitalfields. Conveyancing formalities meant that the Land Registry date was in November. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', which means that my property ownership will be regarded the same way as though I had purchased the house in November. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. Some lenders would take a pragmatic view as this requirement chiefly exists to capture subsales or the quick reselling of properties.
Is there a list of Kent Reliance panel conveyancers in Spitalfields on the UK Finance Lenders’ Handbook Website?
Unfortunately not yet. There is no such directory service on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings available on the web. Where you are seeking to appoint a Spitalfields lawyer on the Kent Reliance please use our facility.
We have a mortgage agreed in principle with TSB. Spitalfields conveyancing solicitors have been appointed. How long does it take for TSB to issue the offer to the lawyer?
There is no definitive answer here. Have TSB conducted the survey? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
What does a local search reveal concerning the house my wife and I buying in Spitalfields?
Spitalfields conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company such as Onsearch The local search is essential in every Spitalfields conveyancing purchase; as long as you wish to avoid any nasty once you have moved into your new home. The search should provide data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I'm purchasing my first flat in Spitalfields with the aid of help to buy. The developers refused to reduce the amount so I negotiated £7000 of additionals instead. The house builders rep suggested that I not disclose to my lawyer about the extras as it will jeopardize my mortgage with the bank. Should I keep quiet?.
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.
In what way does the Landlord & Tenant Act 1954 impact my business property in Spitalfields and how can your lawyers assist?
The 1954 Act affords protection to commercial tenants, granting the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing practices who use the act for protection and assist with commercial conveyancing in Spitalfields
My husband and I are 14 days into a freehold purchase having been recommend to conveyancers by the selling agent to do our conveyancing in Spitalfields. I am am very dissatisfied with the quality of service. Could you help me find new lawyers?
They would need to be very bad to suggest diss instructing them. Has the mortgage been issued? If so you will need to make them aware of the new contact details and have the mortgage documents are re-issued. Your solicitor ideally should be on the banks panel to avoid added charges and complications. So that should be your starting point. Our find a solicitor tool should assist you in finding a bank approved lawyer for your home move in Spitalfields
I see that you have a search directory listing solicitors on the bank conveyancing panel. Do Spitalfields conveyancing firms pay you a referral fee if I retain them for my house purchase?
We are a listing service only for law firms wishing to communicate if they are on the bank conveyancing panel or other lender panels. We do not charge referral fees to the any conveyancer that you subsequently appoint for your conveyancing in Spitalfields.