Find a Lender-Approved Local Conveyancer in Honor Oak

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You can try and find the cheapest conveyancing solicitors in Honor Oak but be careful as you may get what you pay for.

Reasons to use our Honor Oak conveyancing solicitors

  • 1 Retaining the services of a high street Solicitor in the main means that you will receive a more personal touch. When using a large conveyancing firm, you tend to be looked after by a team of people who check what is happening on the file by determining whether the ‘computers says no’.
  • 2 Honor Oak lawyers have a significant advantage when it comes to Honor Oak conveyancing as they have important local knowledge of local authority requirements, planning policies and other issues that will impact your conveyancing
  • 3 The mark of a good conveyancing solicitor in Honor Oak is quality not quantity. The level of service offered by conveyancing "factories" (sometimes 'recommended' by national chain estate agents) sometimes falls short of the high standards of professionalism you would hope for.
  • 4 Excellent communication together with a wealth of local knowledge are key benefits that you should look for when choosing conveyancing solicitors. Honor Oak home moves can become a lot more stressful because of poor communication between all the parties. The lawyers listed strive to make sure that the lines of communication are open and act on arising issues and developments instantly.
  • 5 Chances are that the the solicitors for the other party are based in Honor Oak - if so sets of lawyers will be familiar

Examples of recent conveyancing in Honor Oak since April 2021*

Recently asked questions about conveyancing in Honor Oak

I have 71 years left on my lease and need a lease extension for my apartment in Honor Oak. Conveyancing solicitors on the The Mortgage Works panel can deal with such extensions correct?

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting 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 21/7/2021 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

We are close to exchanging contracts on the sale of our home in Honor Oak and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the purchasers are using a factory type conveyancing firm rather than a conveyancing solicitor in Honor Oak. Having lived in Honor Oak for many years we know of no issue. Should we get in touch with our local Authority to obtain clarification that there is no issue.

It would appear that you have a conveyancing solicitor already. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)

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

Most buyers of new build premises in Honor Oak contact us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because builders in Honor Oak typically acquire the land, 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 conveyancers 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 used to new build conveyancing in Honor Oak or who has acted in the same development.

Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Honor Oak is the location of the property. What do you suggest?

Flying freeholds in Honor Oak are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Honor Oak you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Honor Oak may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

What does commercial conveyancing in Honor Oak cover?

Commercial conveyancing in Honor Oak incorporates a wide array of guidance, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.

Helen (my wife) and I may need to rent out our Honor Oak basement flat temporarily due to a new job. We used a Honor Oak conveyancing practice in 2003 but they have since shut and we did not have the foresight to get any advice as to whether the lease allows us to sublet. How do we find out?

The lease dictates relations between the landlord and you the leaseholder; specifically, it will say if subletting is banned, or permitted but only subject to certain caveats. The rule is that if the lease contains no specific ban or restriction, subletting is permitted. The majority of leases in Honor Oak do not contain strict prohibition on subletting – such a provision would adversely affect the market value the property. Instead, there is usually a basic requirement that the owner notifies the freeholder, possibly sending a copy of the tenancy agreement.

I own a basement flat in Honor Oak. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?

Absolutely. We are happy to put you in touch with a Honor Oak conveyancing firm who can help.

An example of a Lease Extension decision for a Honor Oak 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 lease term was 61.81 years.

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Residential Landlord and Tenant Conveyancing solicitors in Honor Oak

The list below is a small selection of solicitors in Honor Oak specialising in landlord and tenant law and on the regulations governing different types of tenancies. This will likely include advice on wrongful eviction

  • Bridges Solicitors, 5 Turnham Road, Brockley, London, London, SE4 2HH
  • Waterdenes Solicitors, 367 Brockley Road, London, SE4 2AG
  • Frank Stimpson & Son, 179 Stanstead Road, Forest Hill, London, SE23 1HR
  • May Morris & Co, 9b Perry Vale, London, SE23 2NE
  • Ineyab Solicitors, 20 - 22, Brockley Cross, Brockley, London, SE4 2AA

Commercial Conveyancing solicitors in Honor Oak regulated by the SRA

The firms listed below are a non-comprehensive list of solicitors in Honor Oak with expertise in commercial conveyancing in Honor Oak. This could include advice on buying or selling a shop, pub, restaurant, office, retail unit
  • 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

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 development on contaminated land
  • 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.