My partner and I are getting closer to an exchange on a property in Catford and my mum and dad have sent the ten percent deposit to my solicitor. I am now told that as the deposit has not arrived from me my property lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The property lawyer is obliged to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
I have been referred to a conveyancing solicitor in Catford. I need to find out whether they are on the Leeds Building Society conveyancing panel. Can you help?
The first thing to do is contact the lawyer and ask them if they are on the lender panel. Alternatively you should get in touch with Leeds Building Society who may be able to help.
How does the Landlord & Tenant Act 1954 impact my commercial premises in Catford and how can you help?
The particular law that you refer to gives security of tenure to commercial tenants, giving them the legal entitlement to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Catford
My cousin has suggested that I use his conveyancing solicitors in Catford. Should I use them?
There are no two ways about it the best way to select a conveyancing lawyer is to get recommendations from friends or relatives who have experience in using the solicitor that you are contemplating using.
I am on look out for some leasehold conveyancing in Catford. Before diving in I would like to find out the number of years remaining on the lease.
Assuming the lease is registered - and almost all are in Catford - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
After years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Catford. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to make a decision on the price payable.
An example of a Freehold Enfranchisement case for a Catford flat is 44 Elmer Road in January 2013. The Tribunal dacied that amount to be paid by the Leaseholders for the Landlords freehold reversion was £12,951 as at the valuation date (20" September 2012).This matter was referred back to the Bromley County Court to deal with costs, fees and any other outstanding matters. This case affected 2 flats. The unexpired lease term was 74.25 years.
Is there a reason that Catford conveyancing charges differ for leasehold and freehold properties?
If purchasing a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control