I am not in a position to travel far from New Eltham. Can you please spell out why all New Eltham solicitors are not on all mortgage company panels?
As inequitable as it may appear for mortgage companies to restrict who can represent them, from the public’s or solicitor’s point of view, the flip side is that mortgage companies are becoming ever more anxious and feel it vital to protect them against mortgage fraud. As a consequence of this concern mortgage companies have restricted their panel of approved conveyancing lawyers to a manageable size.
Completed the sale of my flat in New Eltham last March but my buyer keeps telephoning every few hours complaining that their conveyancer needs to hear from mysolicitor. What should have happened following completion?
Post completion of your disposal your lawyer is committed to deliver the transfer documentation and all of the paperwork to the buyer’s lawyers. If applicable, your solicitor must also confirm that the legal charge in favour of the lender has been paid off to the purchasers solicitors. There are no post completion procedures just for conveyancing in New Eltham.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to take this when buying a residence in New Eltham? or I am told that there is a law dating back centuries that means some house owners residing in a parish church boundary may be liable to contribute towards maintenance to the chancel in proximity to the church. Is this applicable for conveyancing in New Eltham?
Unless a previous purchase of the house took place after 12 October 2013 you can assume that solicitors delivering conveyancing in New Eltham to continue to recommend a chancel search and or insurance against a claim.
Due to the encouragement of my in-laws I had a survey completed on a property in New Eltham in advance of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some banks may not issue a loan on such a property.
It depends who your proposed lender is. HSBC has different requirements for example to Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in New Eltham. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in New Eltham to see if the conveyancing will be more expensive.
Am I better off to use a New Eltham conveyancing practitioner in close proximity to the house I am purchasing? We have a good friend who can handle the conveyancing but her office is approximately 350kilometers away.
The benefit of a high street New Eltham conveyancing firm is that you can drop in to sign paperwork, hand in your identification documents and apply pressure on them where appropriate. Having local New Eltham know how is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and on the whole were happy that must outweigh using an unfamiliar New Eltham conveyancing solicitor just because they are round the corner.
What are your top tips when it comes to finding a New Eltham conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for your lease extension (regardless if they are a New Eltham conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with two or three firms including non New Eltham conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
-
What volume of lease extensions has the firm completed in New Eltham in the last twenty four months? Can they put you in touch with clients in New Eltham who can give a testimonial?
I have given up negotiating a lease extension in New Eltham. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to assess the price.
An example of a Lease Extension matter before the tribunal for a New Eltham flat is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case was in relation to 1 flat.