The Sydenham Hill conveyancing firm handling our Sydenham Hill conveyancing has uncovered an inconsistency between the surveyor’s assumptions in the home valuation report and what is revealed within the legal papers for the property. My lawyer informs me that he must check that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s course or action correct?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
My wife and I have recently appointed a conveyancing solicitor in Sydenham Hill. I I would like to check if they are on the The Royal Bank of Scotland conveyancing panel. Can you assist?
The first thing you should do is contact your conveyancer and enquire whether they are on the lender panel. Alternatively you should get in touch with The Royal Bank of Scotland who may be able to help.
is it true that all Sydenham Hill solicitor practices on the Santander conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Santander conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some banks do permit licenced conveyancers on their panel and in that case the practice would be governed by the Council of Licensed Conveyancers.
I had a mortgage agreed in principle with Virgin Money. Sydenham Hill conveyancing solicitors were chosen. What is the average time that one could expect to receive a mortgage offer from Virgin Money?
Some lenders take longer than others. Have Virgin Money conducted the valuation? Have you informed Virgin Money as to your lawyers' details and checked that your lawyers are on the Virgin Money conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I have paid off my mortgage with Yorkshire BS. I assume I don't need a Sydenham Hill lawyer on the Yorkshire BS panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Yorkshire BS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Yorkshire BS mortgage from the register. Yorkshire BS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Yorkshire BS has sent the Land Registry the discharge electronically, and
- Yorkshire BS has instructed the Land Registry to do so
I am purchasing my first flat in Sydenham Hill with the aid of help to buy. The sellers refused to move on the amount so I negotiated £7000 of extras instead. The property agent told me not disclose to my solicitor about this side-deal as it could adversely affect my mortgage with Norwich and Peterborough Building Society. Should I keep quiet?.
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.
I am in need of some leasehold conveyancing in Sydenham Hill. Before diving in I would like to find out the unexpired term of the lease.
Assuming the lease is registered - and most are in Sydenham Hill - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Sydenham Hill. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Sydenham Hill conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Sydenham Hill property is Flat 5 4 Border Crescent in December 2013. the tribunal calculated that premium payable for the acquisition of a lease extension of the subject premises was in the sum of £14,900 (Fourteen thousand, nine hundred pounds). Those advising the applicant were advised to send a copy of the decision and a copy of the new lease with the premium (less the applicants costs as assessed by the Court) to the Croydon County Court (under claim number 3CR01226) for an officer of the Court to execute the new lease on behalf of the absentee landlord who is missing and cannot be traced). This case related to 1 flat. The unexpired term was 69 years.
I am purchasing a house and require a conveyancing solicitor in Sydenham Hill who is on the mortgage company conveyancing panel. Could you point me in the right direction as regards a Sydenham Hill solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who carry out conveyancing in Sydenham Hill. We dont recommend any particular solicitor.