Can the conveyancing lawyers listed on your site perform attended exchange conveyancing in Kenley?
We do have a number of conveyancing experts carrying out personalised exchanges. You should call us to secure a fee calculation and details as to dates.
I am the single beneficiary of my late mum's estate and I have everything in my name now, including the house in Kenley. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership may be regarded the same way as though I had purchased the property in October. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. How practical a view banks take of it, depend on the mortgage company as this provision chiefly exists to identify subsales or the wholesaling and assigning of property.
Can you point me to a directory of Nottingham panel solicitors in Kenley on the Council of Mortgage Lender’s Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of banks make their panel listings open the public over the internet. If you are seeking to appoint a Kenley property lawyer on the Nottingham please use our tool.
I have paid off my mortgage with Kent Reliance. I assume I don't need a Kenley solicitor on the Kent Reliance panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Kent Reliance mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Kent Reliance mortgage from the register. Kent Reliance, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Kent Reliance has sent the Land Registry the discharge electronically, and
- Kent Reliance has instructed the Land Registry to do so
I am buying a new build house in Kenley benefiting from help to buy. The sellers would not budge the amount so I negotiated £7000 of additionals instead. The house builders rep told me not disclose to my conveyancer about the deal as it will adversely affect my loan with Halifax. 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.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one round the corner in Kenley I like with a park and station nearby, the downside is that it only has 52 years unexpired on the lease. There is not much else in Kenley in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the shortness of the lease may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this.
New build sellers have recommended to me a solicitor and I've obtained an estimate from them. They are almost two hundred pounds cheaper than my own Kenley property lawyer. What's the catch?
Builders often have lists of property lawyers who expedite matters and who know the builder's paperwork and conveyancer. As many developers offer an inducement to use their approved property lawyer for this reason, any increased charges can be avoided and a developer will not recommend a conveyancing warehouse and run the risk of having the conveyancing stall when they demand an exchange in 28 days. The argument for not opting for the suggested property lawyer is that they may prove unwilling to 'push' your interests for fear of alienating the sellers. If you worry that this may be the case you should remain with your local Kenley lawyer.