I am searching for value for money property lawyer. Do I opt for an online conveyancer or a family London conveyancing solicitor?
Existing third party connections is an important consideration when appointing conveyancing solicitors. London conveyancers benefit from long term relationships with financial advisers and agents, local authorities, surveyors and other conveyancing firms meaning the whole process is going to be much more straightforward for you. Possessing a wealth of experience in the local area is also a plus .
My partner and I are purchasing our first home. Our conveyancer has e-mailedto see if we want to purchase extra conveyancing searches. We are really unsure what's necessary for conveyancing in London
The type of London conveyancing searches depends primarily on the property, the location, the likelihood of any of these risks, your knowledge of the area and risks, your general attitude to risk. What matters is that you properly understand what information each search could provide. Then you can decide if you personally think you need that search. Should you be in doubt, ask your conveyancer to advise.
Does a directory service exist listing TSB panel solicitors in London on the Building Society Association’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association websites. A small selection of mortgage companies make their panel listings visible on the web. If you are seeking to appoint a London property lawyer on the TSB please make the most of our tool.
The formalities of my remortgage has taken place for my property in London. Conveyancing was of an acceptable standard but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Almost all lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
I am selling my apartment. I had a double glazing fitted in October 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, RBS are being pedantic. The London solicitor who is on the RBS conveyancing panel is saying indemnity insurance will be fine but RBS are requiring a building regulation certificate. Why do RBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that RBS have referred the matter to their valuer. The reason why RBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Over the last few months I have been searching for a flat up to £305k and found one close by in London I like with open areas and station in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in London for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a home loan that many years may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
Should I use a London conveyancing practitioner based in the location that I am hoping to buy? An old friend can carry out the legal work but his firm is located a couple of hundredkilometers drive away.
The benefit of a high street London conveyancing firm is that you can attend the office to sign documents, present your ID and pester them where appropriate. They will also have local insight which is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and on the whole were happy that should surpass using an unknown London conveyancing solicitor solely due to them being round the corner.
I am attracted to a couple of apartments in London both have in the region of fifty years left on the lease term. should I be concerned?
A lease is a legal document that entitles you to use the premises for a period of time. As the lease gets shorter the saleability of the lease decreases and results in it becoming more expensive to extend the lease. This is why it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease extension can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this area.
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a London conveyancing firm to represent me?
Where there is a missing landlord or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to calculate the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a London flat is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 73.26 years.