I was notified yesterday by my mortgage broker that my Colliers Wood solicitor is not on the mortgage company Solicitor panel. How can I check?
You need to contact your Colliers Wood lawyer directly. It is reasonable to expect your lawyer to advise you of the situation. Where they are not on the panel they may recommend you to a Colliers Wood conveyancing firm that is on the conveyancing panel for your mortgage company.
I am considering applying for a Bank of Ireland mortgage for purchase of a new build (under development) in Colliers Wood with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Bank of Ireland ?
There is nothing to stop you using your solicitor, but Bank of Ireland will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
We are planning on selling our home in Colliers Wood and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. A local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used an online conveyancing outfit rather than a conveyancing solicitor in Colliers Wood. We have lived in Colliers Wood for six years we know of no issue. Do we get in touch with our local Authority to get clarification need.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
How does conveyancing in Colliers Wood differ for new build properties?
Most buyers of new build residence in Colliers Wood approach us having been asked by the seller to exchange contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Colliers Wood typically purchase the land, 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 conveyancing solicitors 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 used to new build conveyancing in Colliers Wood or who has acted in the same development.
In my capacity as executor for the will of my aunt I am selling a house in Newport but I am based in Colliers Wood. My lawyer (approximately 200 kilometers awayneeds me to execute a statutory declaration ahead of completion. Could you suggest a conveyancing lawyer in Colliers Wood who can witness and place their company stamp on the document?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will be fine regardless of whether they are located in Colliers Wood
Do you have any advice for leasehold conveyancing in Colliers Wood with the intention of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Colliers Wood can be reduced where you get in touch lawyers as soon as you market your property and ask them to put together the leasehold information needed by the buyers’ solicitors. You believe that you know the number of years remaining on your lease but it would be wise to double-check via your lawyers. A purchaser's conveyancer will not be happy to advise their client to where the lease term is under 80 years. It is therefore essential at an early stage that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. The majority of freeholders or managing agents in Colliers Wood charge for supplying management packs for a leasehold home. You or your lawyers should enquire as to the actual amount of the charges. The management information sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Colliers Wood. If there is a history of any disputes with your landlord or managing agents it is essential that these are resolved prior to the flat being marketed. The buyers and their solicitors will be concerned about purchasing a property where there is a current dispute. You may need to swallow your pride and discharge any arrears of service charge or settle the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is better to reveal the dispute as over as opposed to unsettled.
I have given up negotiating a lease extension in Colliers Wood. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to calculate the premium.
An example of a Lease Extension matter before the tribunal for a Colliers Wood premises 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 was in relation to 1 flat. The number of years remaining on the existing lease(s) was 62.94 years.