My Solicitor in Longhope has never been on on the Leeds Building Society Conveyancing Panel. Can I still retain my prefered solicitor even though they are excluded from the Leeds Building Society panel of approved conveyancing solicitors?
Your options are as follows:
- Complete the purchase with your existing Longhope lawyers but Leeds Building Society will need to instruct a lawyer on their list of acceptable firms. This will inevitably rack up the total conveyancing charges as well as cause delays.
- Choose a new solicitor to to deal with the conveyancing, obviously checking they are on the Leeds Building Society panel
I'm buying my first flat in Longhope benefiting from help to buy. The builders would not budge the price so I negotiated £7000 of extras instead. The estate agent advised me not disclose to my lawyer about this extras as it may affect my loan with the bank. 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 two weeks back in what should have been a simple, chain free conveyancing. Longhope is the location of the property. What do you suggest?
Flying freeholds in Longhope are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Longhope you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Longhope may determine 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 property.
What are your top tips when it comes to choosing a Longhope conveyancing practice to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a Longhope conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non Longhope conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be helpful:
If they are not ALEP accredited then what is the reason? Can they put you in touch with clients in Longhope who can give a testimonial?
Longhope Leasehold Conveyancing - A selection of Queries Prior to buying
The prefered form of lease structure is if the freehold reversion is owned by the leaseholders. In this arrangement the leaseholders have control and even though a managing agent is frequently employed where it is bigger than a house conversion, the managing agent employed by the leaseholders. Can you inform me if there are any major works on the horizon that will likely increase the maintenance charges? Best to be warned whether redecorating or some other major work is pending that will be shared by the leasehold owners and could well materially impact the level of the service fees or require a specific payment.
Can a conveyancer remove a person from the title of my property in Longhope ?
Extracting or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a conveyancing practitioner to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a lawyer