I am selling my maisonette in East Dulwich and the estate agent has just e-mailed to say that the buyers are changing their property lawyer. I am told that this is due to the fact that the mortgage company will only deal with solicitors on their approved list. Why would a big named mortgage company only work with certain solicitors rather the firm that they want to choose for their conveyancing in East Dulwich ?
UK lenders have always had an approved set of law firms that can act for them, but in recent years big names such as HSBC, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have represented them for many years.
Banks justify this action to a rise in fraud by way of justification for the pruning – criteria have been stiffened as a smaller panel is easier to oversee. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society claims that it is being contacted daily by practices that have been removed from panels. Plenty of firms are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are unlikely to have any impact on this.
Can I use your services to find a Conveyancing solicitor in East Dulwich even if I’m not purchasing or disposing of a house, for instance if I intend to acquire a shop in East Dulwich with a loan from Norwich and Peterborough Building Society?
The service is predominantly there to help choose domestic conveyancing solicitors in East Dulwich but we have recorded towards the end of this page some East Dulwich commercial conveyancing firms. You should speak with the company directly to see if they can also act for Norwich and Peterborough Building Society
I am buying a terraced house in East Dulwich. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in East Dulwich you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in East Dulwich.
Just had an offer accepted on a new build flat in East Dulwich. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in East Dulwich
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are architect prepared. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I own a leasehold house in East Dulwich. Conveyancing and Leeds Building Society mortgage organised. A letter has just been received from someone claiming to own the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in East Dulwich who previously acted has now retired. Do I pay?
First make enquiries of HMLR to be sure that this person is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a East Dulwich conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Following years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in East Dulwich. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to put you in touch with a East Dulwich conveyancing firm who can help.
An example of a Lease Extension decision for a East Dulwich property is Flat 1 40-42 Ewelme Road in August 2012. the Tribunal assessed the premium for the lease extension in the sum of £11,800 This case affected 1 flat. The unexpired residue of the current lease was 61.81 years.
My conveyancing in East Dulwich is completing on Friday, however the people I am purchasing from wants to move out 24 hours later at midday. Do I accept such a idea?
In situations where you need a mortgage then your solicitor will demand that you have vacant possession on Friday - the lending institution will require it.