What does my ID and proof of funds have anything to do with my conveyancing in The Park? Is this really warranted?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the ID of the potential client they are dealing with before they can accept their conveyancing retainer. The Terms and Conditions that you need to sign will no doubt stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. Where you are unwilling to provide ID verification documents, your solicitor would not be able to accept instructions from you.
My uncle passed away last year and as sole heir and executor I was left the property in The Park. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to Nottingham, pay off the mortgage. Is this allowed?
If you intend to re-mortgage then Nottingham will insist on your using a conveyancer on the Nottingham conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Nottingham conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Nottingham mortgage is registered as a charge at the Land Registry.
I am purchasing a new build house in The Park with the aid of help to buy. The sellers refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent told me not reveal to my conveyancer about this deal as it could put at risk my loan with the bank. 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.
Are there any apps to help locate a The Park solicitor on the Nationwide Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 20kilometers to meet the conveyancer.
Feel free to make use of the facility on this page. Please select a mortgage company and your location and you will see a number of The Park conveyancing lawyers locally. We have detailed some The Park conveyancing firms at the bottom of this page and you can call them to see whether they are on the Nationwide Building Society member panel
In searching the world wide web for the term cheap conveyancing in The Park it reveals numerous solicitorslocally. With so much choice what is the best way to find the suitable conveyancer for me?
The ideal method of seeking a suitable conveyancer is via trusted testimonial, so ask friends and family who have bought a property in The Park or the reputable estate agent or financial adviser. Fees for conveyancing in The Park differ, so it's a good idea to secure at least four quotes from different property lawyers. Make sure that you know that the fees are fixed.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £350,000 maisonette in The Park on Monday in a week. The freeholder has quoted £312 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in The Park?
The Park conveyancing on leasehold apartments usually results in administration charges levied by managing agents :
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Addressing pre-contract enquiries
Where consent is required before sale in The Park
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a studio flat in The Park, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in The Park with over 90 years remaining are worth £192,000. The ground rent is £55 charged once a year. The lease ceases on 21st October 2078
With only 54 years remaining on your lease we estimate the premium for your lease extension to range between £32,300 and £37,400 plus legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.