Me and my brother have a terraced Victorian house in Walthamstow. Conveyancing solicitor acted for me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Walthamstow and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing lawyer who completed the work.
I'm purchasing a new build house in Walthamstow with a mortgage from Barclays . The builders would not budge the amount so I negotiated 6k of additionals instead. The estate agent told me not disclose to my conveyancer about the extras as it could impact my mortgage 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.
Is it simple use your search app to locate a conveyancing practitioner in Walthamstow on the approved list for my mortgage?
1st choose a lender such as Nationwide Building Society, Virgin Money or Bank of Ireland then type in your preferred area such as Walthamstow. Conveyancing firms in Walthamstow and further afield will then be shown.
My husband and I are novice buyers - agreed a price, yet the selling agent informed us that the owners will only move forward if we appoint the agent's recommended lawyers as they need a ‘quick sale’. My instinct tells me that we should use a high street conveyancer accustomed to conveyancing in Walthamstow
It is improbable the sellers are driving this. Should the seller desire ‘a quick sale', alienating a genuine purchaser is likely to cause more damage than good. Avoid the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to progress, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you intend to instruct your own,trusted Walthamstow conveyancing lawyers - not the ones that will give their estate agent a commission or meet his conveyancing thresholds demanded by senior management.
My husband and I are buying a first floor flat in Walthamstow. At the point of instructing our conveyancer, they said that they were on all major UK lender panels. The financial adviser contacted us yesterday to say that they don't appear to be on the Clydesdale approved list. Were it to be true, what should we do? Do we just choose a different lawyer that is on their approved list or should we cover the costs for separate representation, with Clydesdale selecting their own preferred lawyer.
If you are acquiring a property needing a mortgage it is conventional for the buyer’s solicitors to also act for the purchaser's lender. In order to act for a bank or building society a conveyancing practitioner has to be on that lender's list of approved lawyers. An application has to be made by the lawyer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the conveyancer has to fulfill. Some building societies now require their panel firms to be part of the Law Society’s Conveyancing Quality Scheme. Your lawyer should call Clydesdale to discover if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Clydesdale's conveyancing panel and you may continue to use your own Walthamstow solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the equation.