Can you help? My Catford lawyer is informing me me that she is duty bound toapply for Catford conveyancing searches due to the fact thatthe firm are on the Virgin Moneyconveyancing panel. Do I not have a choice here?
You have limited options available to you. Given that you are taking out a loan with a bank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Catford conveyancing searches.
As a FTB what is the most important number one tip you can give me regarding purchase conveyancing in Catford?
Not many law firms or advisers will tell you this but conveyancing in Catford and elsewhere in South East London is often a confrontational experience. In other words, when it comes to conveyancing there is plenty of room for conflict between you and others involved in the legal transfer of property. E.g., the vendor, estate agent and on occasion your mortgage company. Choosing a law firm for your conveyancing in Catford should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the process whose interest is to look after your best interests and to keep you safe.
We are witnessing a worrying ongoing adversarial element to conveyancing- someone has to be blamed for the process being so protracted. You should always trust your conveyancer above all other parties in the conveyancing process.
My stepmother informed me that in buying a property in Catford there may be various restrictions affecting the ability to carry out external alterations to the property. Is this right?
We are aware of a number of properties in Catford which have some sort of restriction or requirement of consent to perform external alterations. Part of the conveyancing in Catford should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I happen to be the sole recipient of my late mum's estate and I have everything in my name alone, including the my former home in Catford. Conveyancing formalities meant that the Land Registry date was in April. I plan to dispose of the house. I do know about the CML six month 'rule', meaning my property ownership will be regarded the same way as though I had purchased the property in April. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. Most mortgage companies would take a pragmatic view as this provision chiefly exists to identify subsales or the wholesaling and assigning of property.
I am selling my house. I had a double glazing fitted in June 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Lloyds are being problematic. The Catford solicitor who is on the Lloyds conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Lloyds are insisting on a building regulation certificate. Why do Lloyds have a conveyancing panel if they don't accept advice from them?
It is probably the case that Lloyds have referred the matter to their valuer. The reason why Lloyds may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
How does conveyancing in Catford differ for new build properties?
Most buyers of new build property in Catford approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Catford tend to acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Catford or who has acted in the same development.
I am looking for a leasehold apartment up to £235,500 and identified one near me in Catford I like with open areas and station nearby, the downside is that it only has 52 remaining years left on the lease. There is not much else in Catford for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan that many years will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
I am looking to buy a house and require a conveyancing solicitor in Catford who is on the lender conveyancing panel. Could you point me in the right direction as regards a Catford conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who conduct conveyancing in Catford. We dont recommend any particular firm.