I am getting a mortgage offer from Halifax. I would like to employ the services of a Licensed Conveyancer in Surbiton. Does the Halifax Solicitor panel allow for Licensed Conveyancers?
The Halifax conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I am only a couple days away from an exchange on a flat in Surbiton and my parents have sent the ten percent deposit to my solicitor. I am now informed that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your property lawyer is obliged to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own resources. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Are the Surbiton conveyancing solicitors identified as being on the Lloyds conveyancing panel, together with their details provided by Lloyds?
Surbiton conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
Just acquired a detached house in Surbiton , how long should it take for the Land Registry to record my ownership? My Surbiton conveyancing solicitor works at snail pace, so I want to be sure the registration is addressed.
As far as conveyancing in Surbiton registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can vary subject to who lodges the application, whether it is in order and whether the Land registry must send notices to any interested parties. At present approximately 80% of submission are completed in less than three weeks but occasionally there can be extensive hold-ups. Registration occurs after the buyer is living at the premises so 'speed' is not always top priority but where there is a degree of urgency associated with the registration then you or your conveyancer should speak with the land registry and explain the circumstances.
I am purchasing a new build house in Surbiton benefiting from help to buy. The builders refused to move on the amount so I negotiated £7000 of extras instead. The estate agent told me not disclose to my lawyer about this side-deal as it would jeopardize my mortgage with Birmingham Midshires. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
What are your top tips when it comes to choosing a Surbiton conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a Surbiton conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Surbiton conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be useful:
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Can they put you in touch with clients in Surbiton who can give a testimonial? If they are not ALEP accredited then why not?
Despite our best efforts, we have been unsuccessful in seeking a lease extension in Surbiton. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We are happy to put you in touch with a Surbiton conveyancing firm who can help.
An example of a Lease Extension case for a Surbiton premises is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case affected 1 flat.