We are expecting a mortgage offer soon. The lender mentioned the mortgage came with free conveyancing. Is the implication that I have to use their panel lawyer as I would prefer to appoint a local conveyancing solicitor in Hackney?
You should check but the chances are that allocate you one of their panel lawyers where you accept the "fee-free" offer. Speak to the lender to check if they allow a cash alternative. In the past a few mortgage companies offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor in Hackney.
Are there restrictive covenants that are commonly identified as part of conveyancing in Hackney?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Hackney. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am buying my first flat in Hackney benefiting from help to buy. The developers refused to move on the amount so I negotiated 6k of extras instead. The sale representative advised me not reveal to my solicitor about this deal as it will jeopardize my mortgage with Nottingham Building Society. Do I keep my lawyer in the dark?.
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.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a straight forward, no chain conveyancing. Hackney is where the house is located. Can you shed any light on this issue?
Flying freeholds in Hackney are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hackney you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Hackney 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 residence.
What advice do you have for searching for freehold conveyancing in Hackney?
First ask your friends and family they would would instruct. Second, use a search tool on the web for conveyancing in Hackney. Call two or three from the list and request that they email you their conveyancing fees and speak to the lawyer who will conduct your conveyancing before you make your decision. Third is to use this site to help you find the right lawyers taking into account your unique requirements including location,speed, complexity and who your intended mortgage company is.Resist the temptation to appoint lowest cost conveyancing solicitors in Hackney