The Crystal Palace conveyancing firm handling our Crystal Palace conveyancing has discovered a difference between the information in the valuation report and what is in the conveyancing documents. My lawyer informs me that he needs to ensure that the bank is OK with this discrepancy and is still content to lend. Is my solicitor’s course or action right?
Your solicitor must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
Despite weeks of looking the Title Certificate and documents to my home are lost. The lawyers who conducted the conveyancing in Crystal Palace 4 years ago are no longer around. Will I be able to sell the house?
In today’s world there are duplicates made of almost everything, and your solicitor will know precisely where to look for all the suitable paperwork so you may purchase or sell your house without a hitch. Where copies are not available, your conveyancer can put in place insurance or indemnities against possible claims on your property.
Due to the advice of my in-laws I had a survey completed on a house in Crystal Palace ahead of retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some lenders tend not grant a loan on this type of home.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. If you call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Crystal Palace. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Crystal Palace to see if the conveyancing will be more expensive.
My husband and I are first time buyers - had an offer accepted, yet the selling agent informed us that the owners will only proceed if we appoint the agent's recommended lawyers as they need an ‘expedited deal’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Crystal Palace
It is unlikely the sellers are driving this. If they desire ‘a quick sale', turning down a genuine purchaser is not the way to achieve this. Speak to the owners direct and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you will continue to instruct your preferred Crystal Palace conveyancing lawyers - as opposed tothe ones that will provide their estate agent a introducer fee or achieve conveyancing thresholds demanded by head office.
I am attracted to a couple of flats in Crystal Palace which have about 50 years left on the leases. Do I need to be concerned?
A lease is a right to use the property for a period of time. As a lease shortens the value of the lease reduces and results in it becoming more expensive to acquire a lease extension. This is why it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a difficult process. We advise that you get professional help from a conveyancer and surveyor with experience in this area.
After months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Crystal Palace. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the LVT to judgment on the price.
An example of a Lease Extension matter before the tribunal for a Crystal Palace flat is Flat 1 4 Border Crescent in March 2012. the Tribunal decided that the sum payable by the Applicants to the Respondent in respect of the new lease for the subject property should be £11,616.00 (ElevenThousand and Six Hundred and Sixteen Pounds) This case affected 1 flat. The unexpired term as at the valuation date was 72.04 years.
Me and my partner have just had an offer agreed on a house and had meeting on Wednesday with Nationwide for the mortgage. They have informed me that when it comes to selecting a property lawyer that if they are not on their approved list of conveyancing practitioners then we will have to pay out a further fee of about two hundred pounds. This is because they would then have to select a solicitor to act for them in addition to the one we choose to act on our behalf and we assume responsibility for their fees. I have asked Nationwide to provide me with a list so I can obtain estimates only from their approved conveyancers but was told that I need to check with each individual lawyer to see if they are on the panel. Is there a simple way of finding out who is on a lender panel?
You can enquire of Nationwide what their criteria for joining their panel is for a conveyancer.Thereafter ask the solicitor of your choice whether they fit that criteria and have they acted on loans for Nationwide previously. Where the answer to those is yes, then just double check with Nationwide. Another option is to use our search facility and we should be able to find you a conveyancer in Crystal Palace on the approved list for Nationwide.