I have given 8 weeks notice to my current landlord and must leave my rented property in North Acton by 7/11/2019. Conveyancing on my purchase has just started. Can I complete in a couple of weeks as don't want to have to move into temporary accommodation?
The normal practice is not to provide notice for your lease unless exchange of contracts has taken place. Assuming that you have not already done so, update to your conveyancer and ask them to they chase the owners lawyers, try to an acceptable time-line that all parties will look towards
How do I discover of the solicitor carrying out my conveyancing in North Acton is on the mortgage lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Leeds Building Society thus paying £187.00 plus VAT in further conveyancing costs.
Feel free to make the most of the find a lender approved solicitor tool on this web page. Pick the lender and type ‘North Acton’ or your preferred area and you will discover a number of lawyer based in North Acton or near you.
My wife and I have a renovated Edwardian property in North Acton. Conveyancing lawyer acted for me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in North Acton and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing practitioner who completed the work.
I am buying a new build house in North Acton benefiting from help to buy. The developers refused to budge the price so I negotiated £7000 of extras instead. The house builders rep advised me not inform my conveyancer about this side-deal as it could affect my mortgage with the lender. Should I keep quiet?.
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.
Should I be suspicious by brokers that I am dealing with are recommending a factory type conveyancing firm rather than a High Street North Acton conveyancing firm?
As with lots of service providers, often recommendations from connections can be very helpful. Nevertheless there are many people with a keen interest in a conveyancing deal; estate agents, financial adviser and lenders might all put forward lawyers to choose. On occasion these lawyers might be known to one of the organisations as being good in their field, but sometimes there exists a financial incentive behind the endorsement. You have the right to select your preferred conveyancer. However, bear in mind that the majority of lenders specify a panel list of solicitors you must use for the lender related work in your home move.