My Solicitor in Campden Hill is not listed on the Birmingham Midshires Conveyancing Panel. Is it possible for me to use my family solicitor even though they are excluded from the Birmingham Midshires panel of approved conveyancing solicitors?
Your options are as follows:
- Carry on with your preferred Campden Hill lawyers but Birmingham Midshires will need to instruct a lawyer on their panel. This will result in additional overall conveyancing fees as well as result in frustration.
- Get a new practitioner to act in the purchase, not forgetting to check they are on the Birmingham Midshires panel
I'm buying my first flat in Campden Hill with a mortgage from Barclays Direct. The developers refused to move on the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The house builders rep suggested that I not reveal to my lawyer about this deal as it could jeopardize my loan with the lender. 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.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Campden Hill is the location of the property. What do you suggest?
Flying freeholds in Campden Hill are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Campden Hill you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Campden Hill may decide 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 property.
What advice can you give us when it comes to finding a Campden Hill conveyancing practice to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Campden Hill conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with two or three firms including non Campden Hill conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
-
Can they put you in touch with clients in Campden Hill who can give a testimonial? What are the charges for lease extension work?
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Campden Hill conveyancing firm to represent me?
Most certainly. We can put you in touch with a Campden Hill conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Campden Hill property is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case related to 1 flat. The unexpired residue of the current lease was 37.79 years.
Me and my wife are selling a Campden Hill flat left to us 8 years ago in 2011. I have over 15 years conveyancing experience and, although retired, intend to do the legal work. The buyer's conveyancer has informed me that their mortgage company will not allow us to do our own conveyancing mandating that the funds to be released via a solicitor's bank account.
Lending instructions to solicitors from all CML members state that If the vendor is not legally represented the buyer’s lawyers should check whether the lender needs to be told so that a decision can be reached if they are willing to proceed.