we are a couple who intend to purchase a purpose built apartment in Sully with a residential mortgage from Alliance & Leicester .We use our Sully conveyancing solicitor but Alliance & Leicester informed us her practice is not listed on their "panel". We have to appoint a Alliance & Leicester panel solicitor or keep our local solicitor and fork out for a Alliance & Leicester panel lawyer to act for them. This seems very unfair; is there anything we can do?
No, not really. The mortgage offered to you is subject to its various provisions, a common one being that solicitors will be on the Alliance & Leicester approved list. Until recently, most mortgage companies had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Alliance & Leicester
I'm buying a new build house in Sully with a mortgage from Yorkshire Building Society. The developers refused to budge the price so I negotiated 6k of extras instead. The sale representative advised me not inform my solicitor about this deal as it may affect my mortgage with the 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 am a sole trader planning to take over a lease of an office on a shopping parade. Can you recommend solicitors offering fixed costs for commercial conveyancing in Sully for less than £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Sully, including the disposal and purchase of businesses as well as simply property. If you are looking to acquire or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. As for the charges this will depend on the structure and nuances of the deal. Let us have your contact information or call us so that we can supply you with a fixed commercial conveyancing calculation.
I am on look out for some leasehold conveyancing in Sully. Before diving in I want to be sure as to the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in Sully - 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.
Leasehold Conveyancing in Sully - A selection of Queries Prior to buying
How many of the leaseholders are in arrears for their service charge payments? Be sure to investigate if the the lease includes any adverse restrictions in the lease. For instance some leases prohibit pets being permitted in certain buildings in Sully. If you like the apartmentin Sully however your dog is not allowed to make the move with you then you will be presented with a hard choice. The best form of lease arrangement is where the freehold interest is owned by the leaseholders. In this scenario the leaseholders have being in charge if their destiny and even though a managing agent is often employed where it is bigger than a house conversion, the managing agent acts for the leaseholders themselves.
My partner and I have had DIP from Leeds Building Society who suggested we could borrow up to £117k. When do I need to appoint a practitioner for conveyancing? Sully is where we are purchasing.
You can appoint a lawyer now so that the solicitor can open the ledger so they can do their AML checks etc. If and when you wish them to commence work they will seek a deposit normally about £200. That would normally be after you have the mortgage offer and survey back, nevertheless should you wish to expedite matters you can start the ball rolling quicker albeit risking some expense.