Is the fact that my solicitor in Bermondsey is not on my lender's solicitor panel that there is a problem with the quality of her work?
That is more than likely a wrong assumption to make. There are all sorts of perfectly plausible explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Bermondsey conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
Just acquired a terraced house in Bermondsey , how long should it take for the Land Registry to record my ownership? My Bermondsey conveyancing solicitor has been painfully slow, so I want to check the registration is dealt with.
As far as conveyancing in Bermondsey registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can vary according to the party submitting the application, whether there are errors and whether the Land registry communicate with any third parties. As of today in the region of three quarters of such applications are completed within two weeks but some can be subject to protracted delays. Registration takes place after the buyer has moved in to the property so registration formalities is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your solicitor could communicate with the Registry to express the reasoning for an expedited registration.
Due to the encouragement of my in-laws I had a survey completed on a house in Bermondsey before instructing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some lenders tend not grant a mortgage on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Bermondsey. Conveyancing will be smoother if you use a solicitor in Bermondsey especially if they are acquainted with such properties in Bermondsey.
Is it possible to transfer to a new conveyancer as I have to retain one who is on the Barclays conveyancing panel. I was using a local conveyancing solicitor in Bermondsey round the corner but the firm is not approved by Barclays
We will our best to assist in finding you a conveyancing solicitor in Bermondsey on the Barclays panel. Please note that the property lawyers that we list do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Bermondsey. In making use of search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Bermondsey.
Looking forward to complete next month on a studio apartment in Bermondsey. Conveyancing solicitors have said that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Bermondsey should include some of the following:
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The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Your solicitors should enable you to have an understanding of the insurance provisions The unexpired lease term. You should receive guidance as what happens when the lease ends, and aware of the importance of the 80 year mark Does the lease prohibit wood flooring?
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Bermondsey conveyancing firm to assist?
Most definitely. We can put you in touch with a Bermondsey conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Bermondsey premises is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The unexpired term as at the valuation date was 107 years.
I am soon to complete buying a house in Bermondsey but as a result of wreckage from the recent storms I have negotiated reparation from the owner of £3k by way of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process however my mortgage company will not agree to this. Why were they approached?
Any conveyancer listed on a mortgage company conveyancing panel is obliged to inform the mortgage company of any variations to the sale price. In the event that you prohibit your lawyer to disclose the price change to your lender then they would have to refrain from acting for you and the lender.