My family solicitor has sent a quote for £1700 for freehold conveyancing in South East London. I’m selling a Victorian property for £300,000. This sounds overpriced. Is it in excess of what I should be paying for conveyancing in South East London?
The charges are a tad high. If you shop around you might get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, you couldcome to regret choosing an an untested solicitor. If is important to check that the firm can represent your bank. Do make use of our comparison tool to find a South East London conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in South East London.
we are a couple who wish to acquire a newbuild apartment in South East London with a mortgage from National Westminster Bank.We like our South East London conveyancing solicitor but National Westminster Bank says she’s not listed on their approved list of member firms. We have to appoint a National Westminster Bank panel solicitor or keep our high street solicitor and pay for one of their panel ones to represent them. This seems very unfair; is there anything we can do?
Unfortunately,no. The mortgage issued to you contains terms and conditions, a common one being that solicitors needs to be on the National Westminster Bank approved list. in the past, most lenders had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for National Westminster Bank
My partner and I are selling our property in South East London and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any high street South East London lawyer would know that there is no such problem. For the life of me I don't know why the purchasers used an internet conveyancing firm as opposed to a conveyancing solicitor in South East London. We have lived in South East London for 5 years we know that this is a non issue. Should we contact our local Authority to seek clarification that there is no issue.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Are there restrictive covenants that are commonly identified during conveyancing in South East London?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in South East London. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. South East London is where the house is located. Is there any advice you can give?
Flying freeholds in South East London are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South East London you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South East London may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
Do you have any advice for leasehold conveyancing in South East London from the point of view of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in South East London can be bypassed where you appoint lawyers as soon as your agents start marketing the property and ask them to collate the leasehold documentation needed by the purchasers’ representatives. If you are supposed to have a share in the Management Company, you should make sure that you hold the original share certificate. Obtaining a re-issued share certificate can be a time consuming process and delays many a South East London conveyancing deal. If a duplicate share certificate is necessary, you should approach the company director and secretary or managing agents (where relevant) for this at the earliest opportunity. If you have carried out any alterations to the residence would they have required Landlord’s consent? Have you, for example laid down wooden flooring? South East London leases often stipulate that internal structural alterations or installing wooden flooring necessitate a licence issued by the Landlord approving such works. If you dont have the consents in place you should not contact the landlord without contacting your conveyancer in the first instance. If there is a history of conflict with your landlord or managing agents it is very important that these are settled before the property is put on the market. The buyers and their solicitors will be nervous about purchasing a property where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to reveal the dispute as historic as opposed to unsettled. Many landlords or Management Companies in South East London levy fees for supplying management packs for a leasehold property. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus accelerating the process. The average time it takes to receive management information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in South East London.
Having spent months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in South East London. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We can put you in touch with a South East London conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a South East London property is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case affected 1 flat. The unexpired term as at the valuation date was 73.26 years.