What is the best way to find the right lawyer who can supply a 1st class service for our conveyancing in Brixton?
Option 1 is to ask relatives who they would recommend.
Option 2 is to look on the internet for conveyancing in Brixton. Telephone a couple or more firms from the list and invite them to send you their conveyancing fees and speak to the lawyer who will conduct your legal process in advance ofmaking your choice.
Third is to use this site to help you find the right lawyers for you based on your own expectations including area of the property,timings, complexity and who the proposed mortgage company is. Do not be teased by £100 conveyancing in Brixton
I have been advised by my lawyer that defective lease insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Brixton?
The right level of defective lease indemnity insurance depends on who your lender is. It would differ for example between Yorkshire Building Society and Virgin Money. Conveyancing lawyers as opposed to borrowers take out such insurances.
When it comes to lenders such as Co-operative, do Brixton conveyancers incur a fee to be on the conveyancing panel?
We are unaware of any bank fees to register on their list of approved firms, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
My wife and I have arranged the release of further monies on our mortgage from Santander as we wish to carry out a loft conversion to our home in Brixton. Are we obliged to appoint a high street Brixton solicitor on the Santander conveyancing panel to handle the legals?
Santander do not ordinarily appoint a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Santander panel.
Are there restrictive covenants that are commonly identified as part of conveyancing in Brixton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Brixton. 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…’
Due to the advice of my in-laws I had a survey completed on a property in Brixton in advance of instructing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some mortgage companies may refuse to give a loan on such a house.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to call us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Brixton. Conveyancing will be smoother if you use a solicitor in Brixton especially if they are acquainted with such properties in Brixton.
Estate agents have just been given the go-ahead to market my garden apartment in Brixton. Conveyancing has not commenced, but I have recently received a yearly maintenance charge demand – should I leave it to the buyer to sort out?
It best that you discharge the maintenance contribution as usual as all rents and maintenance invoices will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Having spent years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Brixton. Can we issue an application to the Residential Property Tribunal Service?
Where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to make a decision on the premium.
An example of a Freehold Enfranchisement matter before the tribunal for a Brixton flat is 66 Southwell Road in March 2012. By Order of Deputy District Judge Stone dated 25 January 2012 a vesting order was made. The determination of the purchase price was referred to the Tribunal who decided that the amount payable for the freehold should be£29,612.00 This case related to 3 flats. The unexpired lease term was 72.58 years.
I dont have enough spare cash to pay a 10% deposit on my flat purchase in Brixton , but I am keen exchange. What can I do?
One option is to try and agree a lower deposit. Many sellers will agree to a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second