My husband and I are buying a 3 bedroom apartment in Colliers Wood with a mortgage. We would like to retain our Colliers Wood conveyancer, however the lender advise she’s not on their "panel". We have to appoint one of the lender panel firms or retain our Colliers Wood conveyancer as well as pay for one of their panel firms to represent them. We feel that this is inequitable; are we not able to require that the lender use our Colliers Wood solicitor ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Colliers Wood conveyancing solicitor to apply to be on the conveyancing panel.
Do I have to have a meeting at the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Colliers Wood so that I can attend their offices if necessary.
As opposed to twenty years ago, almost all banks no longer need their conveyancing panel lawyer to witness the mortgagors signature. You will still be obliged to hand over ID documents and there are still manifest benefits to choosing a locally based solicitor, in your situation a conveyancing solicitor in Colliers Wood.
It has been five months since my purchase conveyancing in Colliers Wood completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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.
I opted to have a survey carried out on a house in Colliers Wood prior to instructing solicitors. I have been told that there is a flying freehold element to the house. The surveyor has said that some lenders will refuse to grant a loan on such a home.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Colliers Wood. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Colliers Wood to see if the conveyancing will be more expensive.
How simple is it to swap conveyancer as I need to appoint a firm on the Yorkshire Building Society conveyancing panel. I was using a high street conveyancing solicitor in Colliers Wood round the corner but she is not approved by Yorkshire Building Society
It would be our pleasure to help you select a conveyancing solicitor in Colliers Wood on the Yorkshire Building Society panel. Please note that the solicitors that we on the directory do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Colliers Wood. In utilising search facility on this page, you can compare fees for conveyancing solicitors in Colliers Wood and beyond.
I've found a house that appears to tick a lot of boxes, at a great figure which is making it all the more appealing. I have subsequently discovered that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Colliers Wood. Conveyancing advisers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Colliers Wood ?
The majority of houses in Colliers Wood are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Colliers Wood in which case you should be looking for a Colliers Wood conveyancing solicitor and check that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’spermission to carry out changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your solicitor should advise you fully on all the issues.
I inherited a two-bedroom flat in Colliers Wood. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
You certainly can. We can put you in touch with a Colliers Wood conveyancing firm who can help.
An example of a Lease Extension case for a Colliers Wood flat is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case affected 1 flat. The number of years remaining on the existing lease(s) was 62.94 years.