Much to our surprise we have been informed by our mortgage adviser that my Fulham property lawyer is not on the mortgage company Conveyancing panel. How can I check?
The first thing you need to do is to call your Fulham conveyancer. You lawyer should notify you of the situation. If they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
Our Fulham conveyancer has uncovered an inconsistency when comparing the assumptions in the valuation survey and what is revealed within the title deeds. My lawyer says that he needs to check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s approach right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook specifications 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.
Do all mortgage companies provide you with an approved list of Fulham conveyancing solicitors? How do you know who is on the Kent Reliance conveyancing panel?
Fulham conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
What is different about your site and alternative online quote calculators for conveyancing in Fulham?
At this site obtain a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Fulham. As opposed to estate agents and brokerage sites we are not in the business of charging firms a fee if you select them for your conveyancing in Fulham
Am I best advised to appoint a Fulham conveyancing practitioner who is local to the property I am hoping to buy? We have a good friend who can perform the legal formalities but they are based a couple of hundredmiles drive away.
The primary upside of using a high street Fulham conveyancing firm is that you can drop in to sign paperwork, hand in your identification documents and apply pressure on them where appropriate. Having local Fulham know how is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have instructed your friend and they were impressed that must trump using an unknown Fulham conveyancing lawyer just because they are Fulham based.
Can you provide any advice for leasehold conveyancing in Fulham with the aim of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Fulham can be reduced where you instruct lawyers the minute you market your property and ask them to collate the leasehold documentation needed by the buyers’ representatives. The majority of landlords or Management Companies in Fulham charge for supplying management packs for a leasehold property. You or your lawyers should enquire as to the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Fulham. If you have had conflict with your freeholder or managing agents it is essential that these are settled before the property is marketed. The buyers and their solicitors will be nervous about purchasing a property where a dispute is unsettled. You may have to bite the bullet and pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as over rather than ongoing. You may think that you are aware of the number of years remaining on your lease but it would be advisable verify this by asking your solicitors. A purchaser's conveyancer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is under 80 years. It is therefore important at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. If you have the benefit of shareholding in the Management Company, you should ensure that you are holding the original share certificate. Obtaining a re-issued share certificate can be a time consuming process and slows down many a Fulham conveyancing transaction. If a duplicate share is needed, you should approach the company officers or managing agents (if relevant) for this as soon as possible.
I have had difficulty in negotiating a lease extension in Fulham. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We are happy to put you in touch with a Fulham conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Fulham flat is 66 and 66a Wardo Avenue in November 2012. The Tribunal determined that the sum of £8,048 is payable by the Applicants in respect of the price for the freehold of the property This case related to 2 flats. The unexpired term as at the valuation date was 93 years and 162 years.