I am soon to complete buying a property in Brixton but as a result of damage from a small fire at the property I have managed to agree compensation from the vendor in the sum of six thousand pounds by way of a deduction in the price. This was going to be dealt with as part of a side agreement yet Co-operative will not permit this. Should they have been approached?
Your conveyancer that is on a Co-operative approved list is duty bound to inform Co-operative of any amendments to the sale price. If you were to refuse your conveyancer to disclose the price change to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new solicitor for your conveyancing in Brixton.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Brixton. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 17/2/2024, the requirements read as follows :
Are all Brixton Conveyancing Quality Solicitors on the HSBC conveyancing panel?
A selection of lenders now use the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of firms.
Completion of my purchase has taken place for my property in Brixton. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
I have finally had an offer on a flat in Brixton agreed to, the owners do nevertheless have a dependent purchase. The sellers have put an offer on somewhere, but it’s not yet tied up, and have viewings of other flats in the pipeline. I have chosen a high street conveyancing solicitor in Brixton. What do I do now? At what point should I apply for the mortgage with Nottingham?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx £1k, then survey, Brixton conveyancing search charges, etc). The first course of action is to ensure that your conveyancing practitioner is on the Nottingham approved list. Regarding the subsequent stages this very much depends on the circumstances of your case, attraction to this property and on the state of the market. During a rising market the majority of purchasers would apply for the mortgage with Nottingham and pay for the valuation and only if it comes back ok would they request their conveyancer to press on with the conveyancing in Brixton.
Should our conveyancer be raising enquiries about flooding as part of the conveyancing in Brixton.
The risk of flooding is if increasing concern for lawyers dealing with homes in Brixton. Some people will buy a property in Brixton, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to impart advice on flood risk, however there are a numerous searches that may be undertaken by the purchaser or on a buyer’s behalf which will give them a better appreciation of the risks in Brixton. The standard completed inquiry forms given to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a standard inquiry of the vendor to discover if the property has historically flooded. If the premises has been flooded in past and is not disclosed by the owner, then a purchaser could bring a legal claim for losses as a result of such an misleading reply. A buyer’s solicitors will also carry out an environmental search. This should higlight whether there is a recorded flood risk. If so, additional inquiries will need to be made.
Due to the guidance of my in-laws I had a survey completed on a house in Brixton in advance of retaining solicitors. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some banks will not issue a loan on this type of home.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist 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 regularly deal with such properties in Brixton.
Do I need to have a meeting at the offices of the mortgage company conveyancing panel solicitor to sign the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Brixton as it will be easier to attend their offices if necessary.
As opposed to 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Brixton.