I am purchasing a new build house in Sydenham Hill with the aid of help to buy. The sellers refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent told me not to tell my conveyancer about the deal as it may put at risk 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.
I am looking into buying my first house which is in Sydenham Hill and I am already nervous. I couldn't find anything specific about Sydenham Hill. Conveyancing will be needed in due course but do you know about the Sydenham Hill area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Sydenham Hill. In the meantime here are some basic statistics that we found
My husband and I are first time buyers - had an offer accepted, but the estate agent advised that the vendor will only go ahead if we use their chosen solicitors as they are insisting on an ‘expedited deal’. We would rather use a local solicitor accustomed to conveyancing in Sydenham Hill
We suspect that the owner is not behind this demand. Should the vendor desire ‘a quick sale', turning down a genuine buyer is going to damage their objectives. Speak to the owners direct and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)but you intend to appoint your own,trusted Sydenham Hill conveyancing lawyers - not the ones that will provide their negotiator at the agency a kickback or achieve conveyancing thresholds set by corporate headquarters.
What advice can you give us when it comes to choosing a Sydenham Hill conveyancing practice to deal with our lease extension?
When appointing a conveyancer for lease extension works (regardless if they are a Sydenham Hill conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you speak with several firms including non Sydenham Hill conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be useful:
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If the firm is not ALEP accredited then why not?
We have reached the end of our tether in negotiating a lease extension in Sydenham Hill. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a Sydenham Hill conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Sydenham Hill property is Flat 1 4 Border Crescent in March 2012. the Tribunal decided that the sum payable by the Applicants to the Respondent in respect of the new lease for the subject property should be £11,616.00 (ElevenThousand and Six Hundred and Sixteen Pounds) This case related to 1 flat. The remaining number of years on the lease was 72.04 years.
I bought a flat in Sydenham Hill last 19/11/2024 and to date it is still not recorded with HM Land Registry. It is part of a development site and my solicitor told me that it can take 12 months to register. I have called the Land Registry directly and they say that the initial application was cancelled due to failure to reply to requisitions. Should I be concerned?
get in touch with your lawyer - if you are not getting sensible responses, find out about their firm’s complaints protocol and amplify your concerns to a Partner. Registrations for Sydenham Hill conveyancing are not known to be especially complex.