Much to our surprise we have been told by our estate agent that my West Harrow lawyer is not on the mortgage company Solicitor panel. How can I be certain that this is indeed the case?
You need to contact your West Harrow conveyancer. It is reasonable to expect your lawyer to inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
Is it necessary during the course of the conveyancing process to have a meeting at the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in West Harrow so that I can pop in to their offices if necessary.
Most approved lawyers for lenders undertake their communications via Royal Mail, internet or over phone calls. This means that they can undertake the conveyancing transaction no matter where you live in England or Wales. That being said you can check if you have the option of attending the offices of your conveyancing lawyer if you prefer.
I am selling our property in West Harrow and according to the buyers it appears that there is a possibility that the property was built on contaminated land. Any high street West Harrow lawyer would know that there is no such problem. It does beg the question why the purchasers are using an online conveyancing outfit rather than a conveyancing solicitor in West Harrow. We have lived in West Harrow for three years we know that this is a non issue. Should we contact our local Authority to seek confirmation that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I am purchasing my first flat in West Harrow with a mortgage from Yorkshire Building Society. The developers would not reduce the price so I negotiated 6k of fixtures and fittings instead. The property agent advised me not disclose to my solicitor about the extras as it will jeopardize my loan with Yorkshire 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've recently found out that there is a flying freehold issue on a house I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. West Harrow is where the house is located. What do you suggest?
Flying freeholds in West Harrow are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in West Harrow you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Harrow may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I've found a house that appears to be perfect, at a great figure which is making it all the more appealing. I have since discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in West Harrow. Conveyancing lawyers have not yet been instructed. Will they explain the issues?
Most houses in West Harrow are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area can assist with the conveyancing process. We note that you are buying in West Harrow so you should seriously consider shopping around for a West Harrow conveyancing solicitor and be sure that they are used to transacting on leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as obtaining the landlord’sconsent to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the communal areas where the property is located on an estate. Your conveyancer will appraise you on the various issues.