We are buying a 2 bedroom apartment in Greenwich with a mortgage. We have a Greenwich lawyer, however the bank advise he's not on their "panel". It seems we have no choice but to instruct one of the mortgage company panel conveyancing practices or continue with our Greenwich lawyer and pay for one of their panel ones to represent them. This feels very unfair; are we not able to demand that the mortgage company use our Greenwich lawyer ?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your Greenwich conveyancing solicitor to apply to be on the conveyancing panel.
A friend recommended that where I am buying in Greenwich I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Greenwich conveyancing searches. It is a large document of about 40 pages, listing and detailing significant information about Greenwich around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Greenwich Education with plans and statistics, Local Amenities and other useful data concerning Greenwich.
It has been 3 months following my purchase conveyancing in Greenwich concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
My company is hoping to lease a unit on a shopping parade. Can you recommend lawyers offering no-sale-no charges for non-domestic conveyancing in Greenwich for less than £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Greenwich, including the disposal and purchase of businesses as well as simply premises. If you are looking to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. As for the fees these will vary based on the structure and terms of the deal. Please provide us with your details or telephone us so that we may provide you with comprehensive commercial conveyancing calculation.
Am I better off to use a Greenwich conveyancing solicitor based in the vicinity that I am buying? I have an old university friend who can perform the legal work however his firm is located 400miles drive away.
The primary upside of using a high street Greenwich conveyancing firm is that you can attend the office to execute documents, present your ID and pester them if necessary. They will also have local knowledge which is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and in the main were content that must trump using an unfamiliar Greenwich conveyancing solicitor just because they are round the corner.
Looking forward to complete next month on a studio apartment in Greenwich. Conveyancing lawyers have said that they report fully next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Greenwich should include some of the following:
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if lease caters for for a slush fund? What you can do if an adjoining owner is in violation of a provision in their lease? Does the lease prevent you from letting out the flat, or having a home office for business Are pets allowed in the flat?
I have had difficulty in negotiating a lease extension in Greenwich. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We are happy to put you in touch with a Greenwich conveyancing firm who can help.
An example of a Lease Extension decision for a Greenwich flat is 73 Walerand Road in August 2012. the result of the findings of the Tribunal led to a premium to be paid for the extended lease in respect of Flat 73 in the sum of £10,040. The premium applicable in respect of Flat 85 was £5,710. This case related to 2 flats. The unexpired lease term was 72 years.