Unfortunately I am unable to travel far from Dulwich. I would like to know the reason why all Dulwich conveyancers aren't automatically on all lender panels?
Before the recession most mortgage companies demonstrated an approach to risk which is different than today. The FSA in 2010 conducted a thematic review into fraud which in summary warned lenders: know the lawyers on your panel. Consequently, mortgage companies have since requiredmore data from law firms concerning their operations and the individuals employed by them and set certain criteria such as completing a minimum volume of transactions. Hundreds of firms have been removed from lender panels even though they had an exemplary disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Many firms found it impossible meet the criteria of volume of transactions the mortgage companies required.
Our lawyer has discovered a a problem with the lease for the property we are purchasing in Dulwich. The other side have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our property lawyer has advised that he must ensure that the lender is content with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your solicitor will have no choice but to discontinue acting for you.
Can your site be used to recommend a Conveyancing solicitor in Dulwich even if I’m not buying or disposing of a house, for example if I intend to acquire a shop in Dulwich with a mortgage from Santander?
Our search tool is mainly there to find domestic conveyancing solicitors in Dulwich but we have set out at the bottom of this page a selection of Dulwich commercial conveyancing firms. You should speak with the solicitors directly to check if they can also act for Santander
Will my conveyancing lawyers need to check that the building insurance when buying a house in Dulwich. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 15/5/2022, the requirements read as follows :
My business partner and I are planning to lease a unit on a shopping parade. Can you recommend conveyancers offering no-move-no charges for commercial conveyancing in Dulwich for less than 1500k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Dulwich, including the sale and purchase of businesses as well as simply property. If you are intending to acquire or sell a shop, pub, restaurant, office, retail premises or a complete business we will find you the right solicitor. As for the costs these will vary based on the structure and complexity of the deal. Please provide us with your details or call us so that we may supply you with a fixed commercial conveyancing quote.
I am in need of some leasehold conveyancing in Dulwich. Before I get started I want to be sure as to the unexpired term of the lease.
If the lease is recorded at the land registry - and most are in Dulwich - 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.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Dulwich conveyancing firm to act on my behalf?
if there is a missing landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to arrive at the price.
An example of a Lease Extension case for a Dulwich premises is 60 Taymount Grange Taymount Rise in June 2012. The Tribunal determined the premium at £13,346 for a lease extension of a further 90 years This case related to 1 flat. The unexpired term as at the valuation date was 64 years.