I am purchasing a semi-detached house in Haggerston. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Haggerston you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Haggerston.
I am buying a new build house in Haggerston with a mortgage from Birmingham Midshires. The sellers refused to reduce the price so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not inform my conveyancer about this deal as it could adversely affect my loan with Birmingham Midshires. Do I keep my lawyer in the dark?.
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 was pointed in your direction by a number of estate agents in Haggerston to choose a property lawyer on your site. What’s the financial upside for Estate Agents to promote your site over and above a competitor’s?
We refuse to give any financial incentive for sending work in our direction. We thought it would be too underhand to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
My uncle has recommend that I use his conveyancing solicitors in Haggerston. Should I use them?
No doubt the ideal way to find a conveyancing lawyer is to have feedback from friends or relatives who have used the conveyancer you're contemplating using.
If all goes to plan we aim to complete the sale of our £250,000 maisonette in Haggerston next Friday. The freeholder has quoted £408 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Haggerston?
Haggerston conveyancing on leasehold apartments more often than not involves the purchaser’s solicitor submitting enquiries for the landlord to answer. Although the landlord is not legally bound to address such questions most will be content to assist. They may charge a reasonable charge for answering questions or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is £350, in some situations it is above £800. The administration charge demanded by the landlord must be accompanied by a synopsis of rights and obligations in respect of administration fees, otherwise the invoice is not strictly payable. In reality one has no choice but to pay whatever is demanded should you wish to complete the sale of your home.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Haggerston conveyancing firm to assist?
You certainly can. We can put you in touch with a Haggerston conveyancing firm who can help.
An example of a Lease Extension case for a Haggerston premises is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case was in relation to 2 flats. The unexpired lease term was 72.39 years.