I'm in the process of switching my existing standard home loan to a Buy to Let Coventry Building Society mortgage. I have been informed by my broker that I must appoint a lawyer for this. I got in contact with my previous Willesden conveyancing solicitor who who conducted the conveyancing when I originally bought the premises. The pricing estimate provided of £450 plus VAT has shocked me as I am not require purchase conveyancing - it’s simply a bog-standard refinance.
The estimate does seem a little steep. If you you were to look around you may be able to get the conveyancing a bit cheaper by as much as £125. On the other hand, if you were satisfied with the legal work the firm offered you couldcome to rue opting for an an untested solicitor. Remember to check that the firm can act for Coventry Building Society. You can use our search tool to choose a Willesden conveyancing firm on the Coventry Building Society member panel, which can often include conveyancing solicitors in Willesden.
I have justdiscovered that Action Conveyancing have closed. They carried out my conveyancing in Willesden for a purchase of a leasehold flat 12 months ago. How can I check that my home is in my name in the name of the former proprietor?
The quickest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Willesden conveyancing specialists.
I'm purchasing my first flat in Willesden benefiting from help to buy. The developers would not budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent suggested that I not to tell my conveyancer about the extras as it would jeopardize my mortgage with the bank. Do I keep my lawyer in the dark?.
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.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one near me in Willesden I like with amenity areas and station nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Willesden in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage that many years may be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
We're first time buyers - agreed a price, yet the selling agent advised that the seller will only move forward if we instruct the agent's recommended solicitors as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer who is familiar with conveyancing in Willesden
We suspect that the seller is unaware of this requirement. If they desire ‘a quick sale', taking such a hostile approach to a motivated buyer is likely to cause more damage than good. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you will continue to instruct your own,trusted Willesden conveyancing firm - rather thanthe ones that will earn the estate agent a referral fee or hit his conveyancing targets demanded by head office.
Midway through the sale of a leasehold flat in Willesden. Conveyancing is fine but we have been asked to pay an extortionate amount by the landlord. To date we have forked out £295.50 for a leasehold management pack and then a further £200 plus VAT for supplemental queries raised by the purchaser's conveyancer.
Neither you or your property lawyer will have any say over the level of the bill for this information but the average fee for the information for Willesden leasehold property is £360. When it comes to Willesden conveyancing sales it is usual for the owner to cover the costs. The freeholder or their agents are not duty bound to answer these questions most will agree to do so - albeit often at high prices disproportionate to the work involved. Unfortunately there is no statute that mandates capped fees for administrative tasks. Neither is there any statutory time limit by which they are obliged to issue answers.