I am considering applying for a Skipton mortgage for purchase of a new build (under development) in East Croydon with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Skipton ?
There is nothing to stop you using your solicitor, but Skipton will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in East Croydon?
There are many registered licenced Conveyancers in East Croydon and Solicitor partnerships in East Croydon offering conveyancing It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. They may both also conduct associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Skipton have agreed my home loan in principle, my offer on a property in East Croydon has been accepted, what happens next?
The estate agent will need to know who your solicitors are (ensure that the property lawyers are on the bank’s panel). Contact Skipton or the financial adviser and finish off any outstanding forms. Skipton will sellect a valuer who will get in touch with the estate agent or seller to book a slot for the valuation to occur. Once carried out (assuming no problems) it takes on average a week to get a mortgage offer. Skipton will send the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in East Croydon.
My sealed bid on a semi in East Croydon has been agreed to, but there is a chain. The vendors have put an offer on on an apartment, but it’s not yet agreed to, and have viewings of other apartments in the pipeline. I have chosen a local conveyancing solicitor in East Croydon. What do I do now? When should I get the mortgage application with RBS going?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx £1k, then valuation, East Croydon conveyancing search charges, etc). The first thing to do is ensure that your solicitor is on the RBS approved list. Concerning the subsequent steps this very much depends on the circumstances of your case, desire for this property and on the state of the market. In a rising market some purchasers would apply for the mortgage with RBS and arrange for the valuation and only if it was satisfactory would they request their conveyancer to move forward with the conveyancing in East Croydon.
Due to the input of my in-laws I had a survey completed on a property in East Croydon in advance of appointing solicitors. I have been informed that there is a flying freehold aspect to the property. Our surveyor advised that some lenders will not grant a mortgage on this type of property.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in East Croydon. Conveyancing will be smoother if you use a solicitor in East Croydon especially if they are acquainted with such properties in East Croydon.
We are a couple of weeks into a residential purchase having been recommend to a firm by the selling agent to handle our conveyancing in East Croydon. I am not happy. Can you you assist me in finding new conveyancers?
A solicitor would need to be very bad to suggest diss instructing them. Has your mortgage been generated? If so you will need to make them aware of the new lawyer and ensure the mortgage documents are issued to the new lawyers. Your conveyancer should be on the lenders panel to avoid escalating charges and delays. That should be your first question of the new lawyers. Our find a solicitor tool will assist you in finding a bank approved conveyancer for your conveyancing in East Croydon
If all goes to plan we aim to complete the sale of our £125,000 flat in East Croydon on Monday in a week. The landlords agents has quoted £300 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in East Croydon?
East Croydon conveyancing on leasehold apartments usually necessitates the buyer’s conveyancer submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to respond to these enquiries the majority will be willing to assist. They are at liberty to charge a reasonable administration fee for responding to enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some transactions it is in excess of £800. The management information fee required by the landlord must be accompanied by a summary of rights and obligations in relation to administration charges, without which the invoice is technically not due. Reality however dictates that one has no option but to pay whatever is demanded should you wish to exchange contracts with the buyer.
Notwithstanding our best efforts, we have been unsuccessful in negotiating a lease extension in East Croydon. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We are happy to put you in touch with a East Croydon conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a East Croydon flat is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case related to 4 flats. The unexpired term was 98 years.