Would the conveyancing practitioners that are recommend handle auction conveyancing in Teddington?
There are a number of niche solicitors we can put you in touch with those who can conduct auction conveyancing. Teddington is just one of our locations where our lawyers have a presence.
We wanted to use a property lawyer in Teddington for our home move. Our broker informed us that our mortgage lenders Virgin Money won't deal with them. Why is this not regarded as unfair competition?
Banks on the whole imposes restrictions either the type or the amount of conveyancing firms on their panel. Typical examples of such criteria being that a law practice must have two or more partners. As well as restricting the profile of firm, some have limited the amount of firms they permit to act for them. You should note that Virgin Money have no responsibility for the quality of advice provided by any member of Virgin Money Conveyancer Panel. Mortgage fraud was a primary driver in the rationalisation of conveyancing panels since 2008 even though there remains differing opinions regarding the extent of solicitor involvement in some of that fraud. Figures from the Land Registry reveal that plenty of law firms, including some in or near Teddington only conduct one or two conveyances per annum.
I purchased a renovated Edwardian house in Teddington. Conveyancing lawyer acted for me and Yorkshire Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the matching address. I'd like to know for sure, how can I find out??
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Teddington and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing solicitor who completed the work.
I am buying my first flat in Teddington with the aid of help to buy. The sellers refused to budge the amount so I negotiated £7000 of additionals instead. The sale representative advised me not disclose to my lawyer about the deal as it may impact my loan with the bank. Is this normal?.
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.
Due to the encouragement of my in-laws I had a survey completed on a house in Teddington ahead of retaining conveyancers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some lenders tend not give a mortgage on such a home.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Teddington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Teddington to see if the conveyancing costs will increase in light of this.
My partner has recommend that I appoint his conveyancers in Teddington. Should I find my own solicitor?
Much as we are happy to recommend a Teddington conveyancing lawyer it’s preferable to choose a conveyancing solicitor is to have recommendations from friends or family who have actually previously instructed the conveyancer that you are contemplating using.