My mortgage broker says he needs my Stanley solicitor’s panel reference for the Nationwide conveyancing panel. Can you suggest how I obtain this. I have e-mailed my local Stanley branch but they have not responded to me.
The sensible thing to do is ask for this information from your Stanley solicitor . They should have a central record lender panel numbers.
Do the conveyancing practitioners that you recommend carry out right to buy conveyancing in Stanley?
We have identified numerous conveyancing experts carrying out right to buy transactions Do get in touch with the conveyancers listed in order to get a conveyancing quote.
I am buying my first flat in Stanley benefiting from help to buy. The sellers refused to move on the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not reveal to my conveyancer about this extras as it could jeopardize my mortgage with Lloyds TSB Bank. 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 carried out on a house in Stanley before retaining conveyancers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies will refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you contact us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stanley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stanley to see if the conveyancing will be more expensive.
Back In 2007, I bought a leasehold flat in Stanley. Conveyancing and Aldermore mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Stanley who previously acted has long since retired. Do I pay?
The first thing you should do is contact the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Stanley conveyancing firm to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I bought a 1st floor flat in Stanley, conveyancing was carried out 8 years ago. How much will my lease extension cost? Equivalent properties in Stanley with over 90 years remaining are worth £202,000. The ground rent is £60 invoiced annually. The lease terminates on 21st October 2076
With just 57 years left to run we estimate the premium for your lease extension to be between £28,500 and £33,000 plus legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.