My husband and I are hoping to purchase a flat in Camberwell and are in fact using a Camberwell conveyancing practice. Within the past 48 hours our property lawyer has sent a preliminary report and documents to look through with the expectation that exchange is imminent. TSB have this morning contacted us to inform me that there is now an issue as our Camberwell solicitor is not on their conveyancing panel. Is this a problem?
When purchasing a property with the benefit of a mortgage it is conventional for the purchasers' lawyers to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the bank's conveyancing panel and you may continue to use your own Camberwell solicitors, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
I have given 8 weeks notice to my current landlord and must leave my let out apartment in Camberwell by the end of next month. Conveyancing for my house purchase is progressing. Is it possible to complete in three weeks as I wish to avoid having to find short term accommodation?
It is unwise to serve notice on a rental until you have exchanged. If you have not previously done so, update to your conveyancer and ask them to they apply pressure on the sellers lawyers, try to get a realistic time scale from them that everyone will aim to achieve
Having sold my house in Camberwell last June yet the purchaser is e-mailing daily complaining that her lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your conveyancer is duty bound to send the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. If applicable, your lawyer should also evidence that the legal charge in favour of the lender has been repaid to the buyers solicitors. There are no post completion procedures specific conveyancing in Camberwell.
four months have elapsed following my purchase conveyancing in Camberwell completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How simple is it to switch conveyancer as I need to find one who is on the Norwich and Peterborough Building Society conveyancing panel. I instructed a local conveyancing solicitor in Camberwell five minutes from me but he is not accepted by Norwich and Peterborough Building Society
We will our best to assist in finding you a conveyancing solicitor in Camberwell on the Norwich and Peterborough Building Society panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Camberwell. Using search facility on this page, you can compare fees for conveyancing solicitors in Camberwell and throughout England and Wales.
I am a negotiator for a busy estate agency in Camberwell where we see a few flat sales jeopardised due to leases having less than 80 years remaining. I have been given contradictory information from local Camberwell conveyancing solicitors. Can you confirm whether the seller of a flat can commence the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Having spent years of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Camberwell. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We are happy to put you in touch with a Camberwell conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Camberwell flat is 28 Valmar Road in June 2013. this was a case with an absentee freeholder. As a result the leaseholders applied to the Lambeth County Court for an order dispensing with the giving of a notice of claim. On 25 April 2013 District Judge Zimmels made a vesting order and directed that the matter should be transferred to this tribunal to determine the premium. The tribunal concluded on a figure of £1,125 This case was in relation to 3 flats. The remaining number of years on the lease was 968 years.