We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would much rather appoint a Sunningdale based conveyancing firm?
Do check but the the probability is that appoint one of their panel solicitors should you take up the "fee-free" offer. Speak to the bank to explore if they make available a cash alternative. In the past a few mortgage companies offered a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor near Sunningdale.
Various online forums that I have frequented warn that are the number one reason for hinderance in Sunningdale house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released determinations of a review by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to feature in any holding up conveyancing in Sunningdale.
I'm purchasing my first flat in Sunningdale with the aid of help to buy. The sellers would not reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not to tell my solicitor about the deal as it will adversely affect my mortgage with Barnsley Building Society. 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.
I'm remortgaging my existing property to a BTL loan with Chelsea Building Society and intend to use the remaining equity as a down payment on a second property. The location we are interested in is Sunningdale. Will your solicitors be able to act for the two lenders and link together the transactions?
Do use our comparison tool on this site to ensure that the conveyancers are on the relevant lender panels. Having checked that they are your lawyer will be able to simultaneously deal with the two deals but you should have a chat with you solicitor and make apparent your desired outcome and needs.
Due to complete next month on a ground floor flat in Sunningdale. Conveyancing solicitors inform me that they report fully tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Sunningdale should include some of the following:
You would want to be sent a copy of the lease An explanation concerning the obligations in the lease to pay service charges - in relation to the building, and the more general rights a leaseholder has specifics of the parties to the lease, e.g. these could be the tennant, head lessor, freeholder Will you be prohibited or prevented from having pets in the property?
I am the registered owner of a basement flat in Sunningdale, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Sunningdale with over 90 years remaining are worth £195,000. The ground rent is £45 charged once a year. The lease ends on 21st October 2084
With only 63 years unexpired we estimate the price of your lease extension to span between £16,200 and £18,600 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.
I have today placed an offer on a leasehold flat in Sunningdale and the mortgage adviser that we are using suggested his solicitor. They quoted a thousand pounds including VAT and disbursements. Does this sound like a good deal?
You should not rely on 1 estimate. One should obtain like-for-like quotes for your conveyancing in Sunningdale. Then pick one that you are comfortable with and just as important, is on the approved panel of the mortgage company that you are sourcing your mortgage from.