Do the Building Society Association intend to launch a online directory to to identify law firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Mitcham Junction?
We have not been informed any intention on the part of the BSA to promote such a search facility.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Mitcham Junction?
Two types of professional can perform conveyancing in Mitcham Junction namely licenced conveyancers or solicitors. The two can provide conveyancing services that required to complete the sale or purchase of property. They are both obliged to handle Mitcham Junction conveyancing to the same standards and guidelines so you may be safe in the knowledge that your conveyancing will be properly carried out and that the requisite procedures should be appropriately adhered to.
My bid for a property was accepted at auction in Mitcham Junction. Conveyancing is required. What are my next steps?
Having legally bound yourself to purchase you should appoint a conveyancing solicitor soon as you will have a pending a drop dead date to complete the property. An auction property will ordinarily have an associated auction set of papers. This should include evidence of title and search results. Where you are dealing with leasehold property the auction papers may contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation pertinent to a leasehold property. You should pass this on to the lawyer working for you as soon as possible. Do make sure that you have funds in order to complete the transaction on the set completion date.
Is it the case that all Mitcham Junction solicitor firms on the Nationwide conveyancing panel are regulated by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Nationwide conveyancing panel they would need to be overseen by the SRA. Some banks do allow licenced conveyancers on their panel and in such a situation the firms would be regulated by the Council of Licensed Conveyancers.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Mitcham Junction?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Mitcham Junction. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Mitcham Junction is where the house is located. What do you suggest?
Flying freeholds in Mitcham Junction are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Mitcham Junction 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 Mitcham Junction may ascertain 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 residence.
I'm converting the mortgage on my primary house to a buy to let loan with Leeds Building Society and intend to use the remaining equity as a deposit on another property. The area we are interested in is Mitcham Junction. Will your solicitors be able to act for the two banks and link together the transactions?
Make use of our search tool on this site to check that the lawyers are on the relevant lender panels. Assuming that they are the conveyancer should be able to simultaneously deal with the two deals but you should talk with you lawyer and make clear your desired outcome and requirements.
Back In 2000, I bought a leasehold house in Mitcham Junction. Conveyancing and TSB mortgage organised. A letter has just been received from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Mitcham Junction who previously acted has now retired. What should I do?
First make enquiries of the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. You do not need to instruct a Mitcham Junction conveyancing firm to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
My wife and I have hit a brick wall in trying to purchase the freehold in Mitcham Junction. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a absentee freeholder or if there is disagreement 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 decide the amount due.
An example of a Freehold Enfranchisement matter before the tribunal for a Mitcham Junction residence is 50 & 52 Southcroft Road in September 2013. The tribunals own valuation determined that the premium payable should be £29,000 This case affected 2 flats. The number of years remaining on the existing lease(s) was 86.11 and 60.64.