Find a Lender-Approved Local Conveyancer in Honor Oak

Ready to buy a new home? Find a law firm approved by your lender.

Our lawyers are committed to delivering the best property conveyancing to Honor Oak vendors and purchasers

Reasons to use our Honor Oak conveyancing solicitors

  • 1 This site is the first site offering you the facility to ensure that your property ownership legalities in Honor Oak will be conducted by a law firm on your lender’s authorised panel.
  • 2 The accumulation of transactions means that Honor Oak solicitor have established valuable connections with Honor Oak local estate agents, banks, building societies, landlords and house builders enabling them to liaise at speed with all concerned in the process of undertaking your conveyancing in Honor Oak.
  • 3 The Honor Oak conveyancing practitioners that are listed are committed to providing the most cost, efficient and accessible conveyancing service to purchasers, sellers and remortgagors in Honor Oak
  • 4 Regardless other companies inform you it just might be necessary to attend your conveyancer to sign legal papers. There are various parties with with an interest in a conveyancing transaction without having to add Royal Mail into the pot.
  • 5 Low cost packages from online conveyancers might seem attractive. However, these companies are often located many kilometers away with little understanding of the factors that impact property transactions in Honor Oak

Examples of recent conveyancing in Honor Oak since January 2021*

Recently asked questions about conveyancing in Honor Oak

We are looking to buy a property and require a conveyancing solicitor in Honor Oak who is on the Yorkshire BS conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?

Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Honor Oak.

I have 7378 less than 75 years left on my lease and require a lease extension for my apartment in Honor Oak. Conveyancing solicitors on the The Mortgage Works panel can deal with such extensions right?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. The Mortgage Works have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/4/2021 the requirements read as follows :

Minimum unexpired lease term is 70 years with 30 years remaining at the end of the mortgage term.
Where the unexpired lease term is different to that recorded on the mortgage offer, the following clarifies if we need to be informed:

Second hand property:
- If the unexpired lease term on the offer is 85 years or more - only advise us if the actual lease term is less than 85 years
- if the unexpired lease term on the offer is less than 85 years – advise us if the actual lease term is different than reported
- For equity share applications - advise us if the actual lease term is different than reported on the offer

New build property:
- If the unexpired lease term stated on the offer is 125 years (flat) / 250 years (house) or more - only advise us if the actual lease term is less than 125 years (flat) / 250 years (house)
- For equity share applications - always advise us if the actual lease term is different than reported on the offer

Lease terms such as ground rent and event fees must be reasonable at all times during the term of the lease and adhere to our requirements below. If you’re unsure as to whether the terms of a lease are unreasonable or onerous, please refer the details to us in plain English for Valuer consideration. If the potentially onerous terms are in relation to the ground rent please include the current ground rent figure per annum, how often it will be reviewed and the price structure it will be reviewed against. See the guidance below.

SECOND HAND PROPERTIES

Unacceptable - advise Originations (Will be declined):
- Unexpired lease term less than 70 years
- Less than 30 years remaining at the end of the mortgage term
- Ground Rent greater than 0.5% of the property value
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI
- Ground Rent review period less than or equal to 5 years

Refer to Originations (Valuer will consider any impact on valuation figure and marketability):
- Unexpired lease term is 70 to 85 years
- Ground Rent greater than 0.1% and less than or equal to 0.5% of the property value
- Ground Rent escalation is linked to any indices greater than RPI
- Ground Rent escalation is linked to the value of the building*
- Ground Rent review period is greater than 5 and less than 10 years
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything that appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Originations):
- Unexpired lease term greater than 85 years
- Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than or equal to 10 years
- Ground Rent escalation less than or equal to RPI

NEW BUILD PROPERTIES (includes office conversions)

Unacceptable - advise Originations (Will be declined):
- Unexpired lease term less than 125 years on a new build flat or less than 250 years on a new build house
- Starting Ground Rent greater than 0.1% of the property value
- Ground Rent review period less than or equal to 5 years
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI

Refer to Originations (Valuer will consider any impact on valuation figure and marketability):
- Ground Rent is linked to any indices greater than RPI
- Ground Rent is linked to the value of the building*
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything else appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Originations):
- Unexpired lease term greater than or equal to 125 years on a new build flat or greater than or equal to 250 years on a new build house
- Starting Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than 5 years
- Ground Rent escalation less than or equal to RPI

* Where the Ground Rent escalation is linked to the value of the building, please provide the following:
- How is the value of the block/unit currently calculated and if the assessment relates to the block(s), how is the Ground Rent calculated/apportioned per property?
- The current valuation and Ground Rent for each unit
- What is the mechanism for future valuations of the block and how is the Ground Rent calculated/apportioned?
- What is the right of appeal? And is this a documented process within the lease?
- Who bears the cost of the valuation (and appeal) process?
- Confirmation the review period is not less than twenty years

Can I be sure that the Honor Oak conveyancing solicitor on the TSB panel is any good?

When it comes to conveyancing in Honor Oak obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor carrying out your conveyancing.

After shopping around on the internet I have found a Honor Oak solicitor having made sure that they are on the Lloyds conveyancing panel. Does my lawyer arrange the survey of the property?

Lloyds will need an independent valuation of the property. Your lawyer will not arrange this. Usually Lloyds will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Honor Oak postcode. As you are getting a mortgage with Lloyds, you could contact them to see if they have a list of approved surveyors in Honor Oak.

Our sealed bid on a semi in Honor Oak has been agreed to, the owners do nevertheless have a connected purchase. The owners have offered on on an apartment, however it’s not been accepted yet, and are looking at other flats booked. I have instructed a local conveyancing solicitor in Honor Oak. What should be my next step? When should I get the mortgage application with Nationwide started?

It is understandable to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx one thousand pounds, then survey, Honor Oak conveyancing search costs, etc). First, you must check that your conveyancing practitioner is on the Nationwide approved list. Concerning the next steps this very much dictated by the uniqueness of your transaction, attraction to the property and on the state of the market. During a buoyant market the majority of home buyers would apply for a home loan with Nationwide and arrange for the valuation and only if it comes back ok would they request their conveyancing practitioner to move forward with searches.

I have been told that property searches are the main cause of delay in Honor Oak house deals. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not feature within the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in Honor Oak.

How does conveyancing in Honor Oak differ for newly converted properties?

Most buyers of new build residence in Honor Oak contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Honor Oak usually buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Honor Oak or who has acted in the same development.

I am buying a house with all finances in place. I have provided lawyer with two distinct forms of photo identification, bank statement, multiple utility bills. Now he wants a copy from a probate lawyer stating that the funds are legitimate and that it has come from inheritance and not selling fake watches.

In today’s world you will not be able to complete any Honor Oak conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Establishing of your source of funds is required under Money Laundering Regulations.

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Commercial Conveyancing solicitors in Honor Oak regulated by the SRA

The firms listed below are a non-comprehensive list of solicitors in Honor Oak specialising in commercial conveyancing in Honor Oak. This could include advice on complex issues under the Landlord and Tenant Act of 1954
  • Bridges Solicitors, 5 Turnham Road, Brockley, London, London, SE4 2HH
  • Frank Stimpson & Son, 179 Stanstead Road, Forest Hill, London, SE23 1HR
  • Glazer Delmar, 27-31 North Cross Road, East Dulwich, London, SE22 9ET
  • Hall & Co, 399 Lordship Lane, East Dulwich, London, SE22 8JN
  • Armstrong & Co, 2 Dartmouth Road, London, SE23 3XU

Domestic Licensed Conveyancers in Honor Oak regulated by the CLC

Please note that the listed conveyancers do not limit their work for conveyancing in Honor Oak but also conveyancing across England and Wales.
  • Walter Saunders, 382 Brockley Road, SE4 2BY
  • R & C Property Lawyers Llp, 10A Upper Tooting Road, SW17 7PG
  • Stratega Law Ltd, Sutherland House, W1F 7TE

Planning law solicitors in Honor Oak regulated by the Solicitors Regulation Authority

The list below is a small selection of solicitors in Honor Oak with expertise in planning law. The solicitors can give expert legal advice on all aspects of planning, including special planning controls
  • Beverley Morris & Co Incorporating Peter Egan & Co, 62 Lewisham High Street, London, London, SE13 5JH
  • Beverley Morris & Co, 35 Montpelier Vale, Blackheath Villiage, London, SE3 0TJ
  • William Innes, 56 Crescent Lane, London, SW4 9PU
  • Streathers Clapham Llp, 53 Clapham High Street, London, SW4 7TG
  • A E Short, 144 Bromley Road, Beckenham, Kent, BR3 6PG

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.