I am not in a position to travel far from Westgate on Sea. What is the rationale as to why all Westgate on Sea solicitors are not on all mortgage company panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for mortgage companies to review their conveyancing panels, which triggered a major policy change in the sector. This resulted in lenders removing less reputable firms from their books of approved solicitors .
Me and my brother have a renovated Victorian property in Westgate on Sea. Conveyancing practitioner represented me and Nationwide Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold under the exact same property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Westgate on Sea 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 mortgage companies. You can also enquire as to the situation with your conveyancing lawyer who conducted the conveyancing.
I'm purchasing a new build house in Westgate on Sea benefiting from help to buy. The sellers would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The sale representative suggested that I not to tell my conveyancer about this side-deal as it may adversely affect 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 Westgate on Sea ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some banks tend not grant a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Westgate on Sea. Conveyancing will be smoother if you use a solicitor in Westgate on Sea especially if they are accustomed to such properties in Westgate on Sea.
How can the Landlord & Tenant Act 1954 affect my business property in Westgate on Sea and how can your lawyers assist?
The 1954 Act affords protection to commercial tenants, granting the dueness to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act to your advantage and handle your commercial conveyancing in Westgate on Sea
I need to find a conveyancing solicitor for freehold conveyancing in Westgate on Sea. I've discover a site which appears to be the ideal offering If it is possible to get all the legals completed via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?