Having spent time reading consumer advice sites for an affordable solicitor in Croydon, many advise that I should use a CQS accredited lawyer. What is CQS?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to prudent and efficient conveyancing procedures through the scheme protocol the standard includes many partnerships who handle conveyancing in Croydon.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when buying a house in Croydon?
Unless a prior purchase of the property completed post 12 October 2013 you may expect lawyers conducting conveyancing in Croydon to continue to recommend a chancel search and or chancel repair liability insurance.
Me and my brother have a terraced Georgian property in Croydon. Conveyancing practitioner represented me and Alliance & Leicester . I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Croydon and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the position with the conveyancing practitioner who conducted the purchase.
I am buying a new build house in Croydon benefiting from help to buy. The developers would not budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent advised me not disclose to my conveyancer about the deal as it may adversely affect my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a ground for flat up to £195,000 and found one round the corner in Croydon I like with open areas and station in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Croydon in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
We are a couple of weeks into a freehold purchase having been referred to conveyancers by the selling agent to do our conveyancing in Croydon. We are not happy. Could you you assist me in finding new conveyancers?
They would have to be really poor to suggest replacing them. Has the mortgage been sent? In the event that it has you need to make them aware of the new contact details and have the loan are re-sent. The conveyancer should be on the banks approved list to avoid escalating expenses and frustration. So that should be your starting point. The search tool should help you find a bank approved lawyer for your home move in Croydon