About to place a bid on a leasehold flat in Chadwell Heath. The selling agents say that it is the norm for flats in Chadwell Heath to have less than 75 years unexpired on the lease. I am expecting a mortgage with Chelsea Building Society. Is this going to be acceptable if the lease has Seventy One years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/3/2023 the requirements read as follows :
We are getting a further advance on our home loan from HSBC as we wish to conduct alterations to our house in Chadwell Heath. Are we obliged to select a bricks and mortar Chadwell Heath solicitor on the HSBC conveyancing panel to handle the paperwork?
HSBC do not ordinarily require firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the HSBC panel.
I am currently in the process of buying my council flat in Chadwell Heath. I have a mortgage offer with Clydesdale. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
The formalities of my purchase has taken place for my property in Chadwell Heath. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
I need some fast conveyancing in Chadwell Heath as I have pressure to complete inside 3 weeks. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you have the choice not to do searches although no lawyer would suggest that you don't. With lots of history conveyancing in Chadwell Heath the following are instances of issues that can arise and adversely affect future saleability: Enforcement Actions, Overdue Charges, Overdue Grants, Unadopted Roads,...
I'm purchasing my first flat in Chadwell Heath with a loan from Nationwide Building Society. The builders 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 this deal as it could jeopardize my mortgage 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.
I am thinking of appointing a conveyancing solicitor in Chadwell Heath for my sale. Can I check a firm’s record with the profession’s regulator?
Anyone may read presented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Go to Check a solicitor's record. For records about the period before 1 January 2008, or to check a solicitors record, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, call +44 (0)121 329 6800. The regulator sometimes recorded call for training purposes.