My wife and I have recently appointed a conveyancing solicitor in North London. I I would like to check whether they are on the Chelsea Building Society conveyancing panel. Could you help?
You should call your conveyancer and ask them whether they can act for the bank. Otherwise you should call Chelsea Building Society who may be able to confirm.
I'm buying a new build house in North London with a loan from Chelsea Building Society. The sellers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The property agent told me not reveal to my solicitor about this extras as it would adversely 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.
I am looking for a leasehold apartment up to £245,000 and found one close by in North London I like with a park and station in the vicinity, the downside is that it's only got 51 years on the lease. There is not much else in North London for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the shortness of the lease may be an issue. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I need to instruct a conveyancing solicitor for sale conveyancing in North London. I've stumble upon a web site which appears to be the perfect offering If it is possible to get all the legals completed via phone that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Are all North London solicitors on every bank conveyancing panel?
The Lexsure search tool on this page may be of use or you can drop into your high street lender branch in North London. Chances are that they can recommend conveyancing solicitors in North London