We note that you have a search directory identifying solicitors on the Leeds Building Society conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in Fenham?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Fenham.
When looking at online forums for an online lawyer in Fenham, many comment that I should instruct a CQS kitemarked lawyer. What is CQS?
Fenham Conveyancing Quality Scheme solicitors have achieved accreditation by the law Society The Law Society introduced CQS to establish evidence of quality standards in the home buying process. CQS enables house movers to identify practices who provide a quality residential conveyancing. Fenham is one of the many areas in England and Wales in which accredited firms are based. The conveyancing scheme obliges law firms to undergo a strict assessment, compulsory training, self-reporting, spot checks and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Council of Mortgage Lenders.
I'm buying a new build house in Fenham with a mortgage from Platform Home Loans Ltd. The sellers refused to reduce the price so I negotiated £7000 of extras instead. The sale representative advised me not inform my conveyancer about this side-deal as it could jeopardize my loan with the bank. Is this normal?.
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.
Due to the guidance of my in-laws I had a survey completed on a property in Fenham prior to instructing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor advised that some banks will refuse to give a loan on such a house.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Fenham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Fenham to see if the conveyancing will be more expensive.
My husband and I may need to rent out our Fenham 1st floor flat temporarily due to a career opportunity. We instructed a Fenham conveyancing firm in 2001 but they have closed and we did not think at the time seek any advice as to whether the lease allows us to sublet. How do we find out?
The lease dictates the relationship between the landlord and you the flat owner; specifically, it will indicate if subletting is banned, or permitted but only subject to certain caveats. The accepted inference is that if the lease contains no expres ban or restriction, subletting is allowed. Most leases in Fenham do not contain an absolute prevention of subletting – such a provision would undoubtedly devalue the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly supplying a duplicate of the sublease.
I own a 2 bed flat in Fenham, conveyancing was carried out half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Fenham with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease ends on 21st October 2073
With just 55 years left to run we estimate the premium for your lease extension to be between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first getting professional advice.