How up to date is your search tool for Feltham conveyancing solicitors on the Co-operative conveyancing panel? Do Co-operative send you an updated list?
Feltham conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
My wife and I are purchasing a property in Feltham. I might seem paranoid but how we can trust a lawyer? On completion day we will need to send our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My husband and I have organised a further advance on our home loan from Clydesdale as we intend to carry out renovations to our property in Feltham. Do we need to select a bricks and mortar Feltham solicitor on the Clydesdale conveyancing panel to handle the legals?
Clydesdale don't usually instruct firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Clydesdale list.
I am purchasing a property in Feltham. One unusual aspect is that the roof has a solar panel. Santander have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Santander your lawyer must check the conveyancing requirements outlined in Section 2 of UK Finance Lenders’ Handbook for Santander. The CML Handbook includes minimum requirements for solar panel roof-space leases, and property lawyers are required to report to Santander where a lease does not satisfy these specifications. The conditions relate to the installation of panels on properties countrywide and is not isolated to Feltham.
How does conveyancing in Feltham differ for new build properties?
Most buyers of new build premises in Feltham contact us having been asked by the developer to exchange contracts and commit to the purchase even before the property is ready to move into. This is because builders in Feltham usually buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Feltham or who has acted in the same development.
We're novice buyers - had an offer accepted, but the property agent informed us that the vendor will only move forward if we appoint their recommended solicitors as they want a ‘quick sale’. We would rather use a local solicitor accustomed to conveyancing in Feltham
We suspect that the owner is unaware of this ultimatum. Should the vendor require ‘a quick sale', turning down a motivated purchaser is likely to cause more damage than good. Speak to the vendors direct and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you are going to use your own,trusted Feltham conveyancing firm - as opposed tothe ones that will earn the estate agent a introducer fee or hit his conveyancing figures demanded by HQ.
I am attracted to a two apartments in Feltham which have approximately fifty years remaining on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a period of time. As the lease gets shorter the saleability of the lease reduces and it becomes more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease extension can be a protracted process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this arena.
Notwithstanding our best endeavours, we have been unsuccessful in negotiating a lease extension in Feltham. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a missing landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to decide the price payable.
An example of a Lease Extension matter before the tribunal for a Feltham premises is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case affected 1 flat. The remaining number of years on the lease was 82.93 years.