Am I correct in assuming that the fact that my solicitor in Brixton is not listed on my lender's solicitor panel that there is a problem with the quality of his work?
It would not be wise to jump to that conclusion. There are plenty of 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 top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer 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 Brixton conveyancing firm and ask them why they are no longer on the approved list for your bank.
We note that you have a search directory identifying firms on the Nottingham conveyancing panel. Do companies pay you a referral fee if I instruct them for our conveyancing in Brixton?
We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Brixton.
Me and my partner are buying a property in Brixton. I might seem paranoid but how we can trust a lawyer? At some point we will need to send funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We have agreed to purchase a house in Brixton. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Principality be concerned?
Given that you are obtaining a mortgage with Principality your lawyer must check the formal requirements contained in Section 2 of UK Finance Lenders’ Handbook for Principality. The CML Handbook includes minimum provisions for solar panel roof-space leases, and conveyancing practitioners are required to report to Principality where a lease does not meet these specifications. The requirements relate to the installation of panels on properties countrywide and is not restricted to Brixton.
It is not clear whether my lender requires a lease extension. I have telephoned my Brixton bank branch on a couple of occasions and was told they are content with the situation and they would lend. My Brixton conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they will not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Your property lawyer has to comply with the CML Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I'm converting the mortgage on my current home to a BTL mortgage with Barclays Direct and I will use the rest of the raised equity as a down payment on another property. The location we are interested in is Brixton. Will your solicitors be able to act for both sets of mortgage companies and link together the two deals?
Do use our search tool on this site to check that the solicitors are on the appropriate lender panels. Assuming that they are your lawyer will be able to simultaneously deal with the two transactions but you should have a chat with you conveyancer and make clear your desired outcome and needs.
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have since been informed that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Brixton. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Brixton ?
Most houses in Brixton are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. We note that you are buying in Brixton so you should seriously consider shopping around for a Brixton conveyancing solicitor and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’sconsent to carry out alterations. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your conveyancer will report to you on the legal implications.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Brixton conveyancing firm to assist?
Where there is a missing landlord or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the LVT to decide the price.
An example of a Freehold Enfranchisement case for a Brixton property 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 was in relation to 3 flats. The unexpired lease term was 72.58 years.
What type of premises does your Brixton conveyancing estimates apply to?
The quotes supplied are only applicable to standard domestic premises in England & Wales. Where you have any different needs for example industrial or agricultural land or commercial conveyancing in Brixton you should contact us to consider this further .