Me and my partner are soon to exchange on the purchase of a house in Greenhithe but as a result of damage from a small fire at the property I have managed to agree compensation from the owner in the sum of three thousand pounds in the form of a adjustment in the price. I had intended this to be dealt with as part of a side agreement however Lloyds are not allowing this. Should they have been informed?
Your solicitor being on the Lloyds approved list is duty bound to inform Lloyds of any changes to the sale price. If you were to refuse your conveyancer to notify the price change to Lloyds then they would have to discontinue acting for you. In addition, Lloyds and you would have to appoint a new solicitor for your conveyancing in Greenhithe.
We see that you have a post code search directory listing law firms on the UBS conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Greenhithe?
We are a listing service only for law firms wishing to communicate if they are on the UBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Greenhithe.
The estate agent has sent us the confirmation of our purchase of a new build flat in Greenhithe. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Greenhithe
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
Due to the encouragement of my in-laws I had a survey completed on a house in Greenhithe prior to appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies tend not grant a loan on this type of house.
It varies from the lender to lender. HSBC has different requirements for example to Nationwide. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Greenhithe. Conveyancing will be smoother if you use a solicitor in Greenhithe especially if they are accustomed to such properties in Greenhithe.
Do I cancel my mortgage payments with Barclays as soon as a completion date for my sale in Greenhithe has been agreed?
No, you should continue meeting any mortgage sums to Barclays pending the mortgage being redeemed out of the proceeds of sale as part of your Greenhithe conveyancing.