A mortgage offer from Santander for the refinancing of my 4 bedroom garden flat is expected by the end of next week. Can you propose a low cost conveyancing practitioner in Norwood Green?
This site is not designed to aid those in pursuit of a cheap conveyancing solicitors in Norwood Green. Our goal is to offer cost effective conveyancing but we do not aim to advertise as being the cheapest. Resist the temptation to appoint brokers offering the bait of £99 conveyancing in Norwood Green. At best, in deciding on low cost conveyancing, you will earn what you pay for and at worst you will end up with a hefty uplift in additional fees and still not get the service expected.
My brother and I have lately purchased a property in Norwood Green. We have since encountered a number of problems with the property which we consider were omitted in the conveyancing searches. What action can we take? What searches should? have been carried out for conveyancing in Norwood Green?
The query is not clear as what problems have arisen and if they are unique to conveyancing in Norwood Green. Conveyancing searches and due diligence undertaken during the buying process are designed to help avoid problems. As part of the process, a seller completes a questionnaire called a Seller’s Property Information Form. If the information is misleading, then you may have a claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Norwood Green.
Is it the case that all Norwood Green solicitors on the Skipton conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Skipton approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. Some lenders do allow licenced conveyancers on their panel in which case such practice would be regulated by the CLC.
I am buying a property in Norwood Green. A rare aspect is that the roof has a solar panel. TSB have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that your lender is TSB your lawyer must comply with the conveyancing instructions set out in Section two of UK Finance Lenders’ Handbook for TSB. The Council of Mortgage Lenders’ Handbook sets out minimum provisions for solar panel roof-space leases, and lawyers are required to report to TSB where a lease fails to comply with these requirements. The conditions relate to the installation of panels on properties in England and Wales and is not limited to Norwood Green.
I was told four weeks ago that my mortgage has been agreed to by Kent Reliance. Is it usual for Kent Reliance to only issue the offer once my solicitor in Norwood Green is approved on their conveyancing panel? Kent Reliance have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Kent Reliance to deal with your lawyer's application to be on the Kent Reliance conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am purchasing my first flat in Norwood Green with a mortgage from Lloyds TSB Bank. The builders would not move on the price so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not to tell my conveyancer about this extras as it would put at risk my loan with the bank. 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.
Over the last few months I have been searching for a flat up to £245,000 and found one close by in Norwood Green I like with open areas and station nearby, however it's only got 61 years on the lease. I can't really find anything else in Norwood Green suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.