I'm in the process of swapping over from my existing standard mortgage to a Buy to Let Halifax mortgage. The bank has said that I require a lawyer for this. I got in contact with my former St Mary Cray conveyancing solicitor who who did the conveyancing when I originally acquired the property. The fee calculation they've given of £550 has surprised me as its a remortgage than a sale or purchase.
The estimate does seem a little overpriced. If you are content to spend time contrasting costs you could reduce the fees slightly by as much as £125. On the other hand, providing that you were content with the assistance the firm provided you mightlive to rue choosing an an unknown solicitor. Remember to check that the solicitor can also act for Halifax. Do use our search tool to select a St Mary Cray conveyancing firm on the Halifax approved list of lawyers, which can often include conveyancing solicitors in St Mary Cray.
I'm purchasing a new build house in St Mary Cray with a loan from Barnsley Building Society. The builders would not reduce the price so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not to tell my lawyer about this side-deal as it may impact my mortgage with Barnsley Building Society. Is this normal?.
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've recently found out that there is a flying freehold element on a property I have offered on last month in what should have been a quick, chain free conveyancing. St Mary Cray is the location of the property. What do you suggest?
Flying freeholds in St Mary Cray are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in St Mary Cray you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in St Mary Cray may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I inherited a first flat in St Mary Cray. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?
Most definitely. We are happy to put you in touch with a St Mary Cray conveyancing firm who can help.
An example of a Lease Extension case for a St Mary Cray property is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The unexpired lease term was 50.57 years.
When it comes to leasehold conveyancing in St Mary Cray what are the most common lease problems?
Leasehold conveyancing in St Mary Cray is not unique. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain sections are missing. The following missing provisions could result in a defective lease:
A provision for the recovery of money spent for the benefit of another party. Maintenance charge proportions which don’t add up to the correct percentage
You may encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, Coventry Building Society, and Platform Home Loans Ltd all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, forcing the buyer to pull out.
Been on the hunt for a property lawyer for freehold sale conveyancing in St Mary Cray. I'm selling, simple no mortgage to redeem, no hurry, currently vacant. Received an estimate from a lawyer for nine hundred pounds including VAT which is a little high considering its so straightforward. Is it possible to find less expensive fees for conveyancing in St Mary Cray?
Considering it’s a sale only, 475 + VAT should be about the cheapest for sale conveyancing in St Mary Cray.