My apartment in Pontprennau is up for sale and I have accepted an offer. Does my conveyancer need to be required to be on the HSBC conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the HSBC conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
I am buying a new build house in Pontprennau with the aid of help to buy. The developers refused to reduce the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not inform my lawyer about the extras as it would put at risk my loan with the lender. Should I keep quiet?.
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'm refinancing my primary property to a buy to let loan with Britannia and intend to use the remaining equity towards a second house. The neighborhood we are looking at is Pontprennau. Will your conveyancers be able to act for both sets of banks and link together the two deals?
Do use our comparison tool on this site to check that the solicitors are approved by both mortgage companies. Having checked that they are the lawyer should be able to tie up the two conveyancing matters but you should talk with you lawyer and communicate your desired outcome and requirements.
If all goes to plan we aim to complete the disposal of our £425,000 apartment in Pontprennau in 8 days. The management company has quoted £396 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Pontprennau?
Pontprennau conveyancing on leasehold apartments ordinarily involves administration charges invoiced by managing agents :
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Completing conveyancing due diligence questions
Where consent is required before sale in Pontprennau
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I inherited a 1st floor flat in Pontprennau, conveyancing formalities finalised August 2004. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Pontprennau with an extended lease are worth £176,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease terminates on 21st October 2074
You have 50 years remaining on your lease we estimate the premium for your lease extension to range between £31,400 and £36,200 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.
Should I stop the direct debit for my mortgage with Kent Reliance once a completion date for my sale in Pontprennau has been set?
You would be well advised to keep meeting any mortgage sums to Kent Reliance pending the mortgage being discharged out of the proceeds of sale as part of your Pontprennau conveyancing.