I am expecting a mortgage with Santander. I intend to enlist the help of a Licensed Conveyancer in St Luke's. Does the Santander Solicitor panel allow for Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
Me and my partner are soon to exchange buying a property in St Luke's but as a consequence of damage from a small fire at the property I have managed to agree compensation from the vendor in the sum of three thousand pounds in the form of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process however TSB are not allowing this. Why were they notified?
Any property lawyer being on a TSB approved list is required to disclose to TSB of any changes to the purchase price. If you were to refuse your property lawyer to report the reduction to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new property lawyer for your conveyancing in St Luke's.
I need some expedited conveyancing in St Luke's as I have a deadline to exchange contracts inside 2 weeks. Luckily I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save fees and time?
If.Given you are are a mortgage free buyer you have the choice not to have searches carried out although no solicitor would suggest that you don't. With plenty of history conveyancing in St Luke's the following are examples of what can crop up and therefore impact future mortgageability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Railway Schemes,...
I'm purchasing my first flat in St Luke's with the aid of help to buy. The sellers would not reduce the amount so I negotiated 6k of additionals instead. The sale representative suggested that I not reveal to my conveyancer about this deal as it may affect my loan with the bank. 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.
Over the last few months I have been searching for a flat up to £305k and found one near me in St Luke's I like with amenity areas and transport links in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in St Luke's in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a home loan that many years will likely be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
What type of premises does your St Luke's conveyancing estimates apply to?
The quotes provided are only relevant to standard domestic property in England & Wales. If you have any different needs such as industrial or agricultural land or commercial conveyancing in St Luke's do contact us to consider this further .