I have just started taking steps with the intention of porting my existing standard home loan to a BTL Virgin Money mortgage. The bank has said that I must appoint a conveyancer as part of the process. I spoke to my past Lewisham conveyancing practitioner who dealt with the legals when I first acquired the premises. The costs illustration sent of £500 is an eye-watering amount to do this as I am not require purchase conveyancing - it’s just a bog-standard refinance.
The quote is fractionally on the expensive side. Where you are willing to invest time comparing prices you may be able to get the conveyancing a bit cheaper by say a hundred pounds. That being said, assuming were happy with the conveyancing the firm offered you maycome to regret choosing an a cheaper solicitor. Remember to enquire that the conveyancer can act for Virgin Money. You can use our search tool to select a Lewisham conveyancing firm on the Virgin Money member panel, which can often include conveyancing solicitors in Lewisham.
My partner and I are only a couple days away from an exchange on a house in Lewisham and my mum and dad have transferred the ten percent deposit to my property lawyer. I am now advised that as the deposit has not come from me my conveyancer needs to disclose this to my lender. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The solicitor is legally required to check with the bank to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I have recentlyfound out that Wolstenholmes have closed. They carried out my conveyancing in Lewisham for a purchase of a freehold house 9 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The quickest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Lewisham conveyancing specialists.
I opted to have a survey completed on a house in Lewisham prior to appointing lawyers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders tend not grant a mortgage on such a property.
It varies from the lender to lender. HSBC has different instructions from Halifax. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lewisham. Conveyancing will be smoother if you use a solicitor in Lewisham especially if they are acquainted with such properties in Lewisham.
I need to instruct a conveyancing practitioner in Lewisham for my house move. Is it possible to check a solicitor's record with the legal regulator?
Anyone may read published Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Visit Check a solicitor's record. To find records Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The SRA may monitor telephone calls for training purposes.
I wish to let out my leasehold flat in Lewisham. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
The lease governs the relationship between the landlord and you the leaseholder; in particular, it will set out if subletting is prohibited, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no specific ban or restriction, subletting is allowed. The majority of leases in Lewisham do not contain subletting altogether – such a provision would undoubtedly devalue the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the sublease.
I have had difficulty in trying to purchase the freehold in Lewisham. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the price.
An example of a Lease Extension matter before the tribunal for a Lewisham premises 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 residue of the current lease was 72 years.