I'm purchasing a new build house in Northolt with a mortgage from HSBC Bank. The builders refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not inform my lawyer about the side-deal as it could adversely affect my mortgage with the lender. 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.
I decided to have a survey done on a house in Northolt in advance of appointing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies tend refuse to grant a loan on such a home.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Northolt. Conveyancing may be slightly more expensive based on your lender's requirements.
How straightforward is it to use the search facility to get a fee calculation from a conveyancing practitioner in Northolt on the approved list for my lender?
1st select a lender such as Santander, Virgin Money or Barclays Direct then specify your preferred area for instance Northolt. Conveyancing organisations in Northolt and further afield should be listed.
My uncle has urged me to instruct his conveyancing solicitors in Northolt. Should I use them?
No doubt the best way to find a conveyancing lawyer is to seek feedback from friends or relatives who have actually experience in using the firm you're contemplating using.
Having had my offer accepted I require leasehold conveyancing in Northolt. Before diving in I want to be sure as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and almost all are in Northolt - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
My wife and I have hit a brick wall in negotiating a lease extension in Northolt. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We are happy to put you in touch with a Northolt conveyancing firm who can help.
An example of a Lease Extension decision for a Northolt premises is GFF 1 Holyrood Avenue in May 2014. The Tenant wished to acquire a new (extended) lease and applied to the Willesden County Court who granted a vesting order on 20* March2013. The Tribunal decied that the premium to be paid was £9,062 This case related to 1 flat. The unexpired lease term was 79 years.