Please help. My New Eltham conveyancer is informing me me that he has toapply for New Eltham conveyancing searches stemming from the fact thatthe firm are on the Virgin Moneyconveyancing panel. Is my solicitor right?
Unfortunately both you and your lawyer have little choice here. As you are obtaining a mortgage with a bank your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to follow the CML Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out New Eltham conveyancing searches.
We are selling our flat in New Eltham. Will my conveyancer need to be on the Nottingham conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Nottingham conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
I am looking into buying my first house which is in New Eltham and I am already nervous. I couldn't find anything specific about New Eltham. Conveyancing will be needed in due course but do you know about the New Eltham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at New Eltham. In the meantime here are some basic statistics that we found
As co-executor for the will of my father I am selling a house in Swansea but I am based in New Eltham. My conveyancer (approximately 235 kilometers from mehas requested that I execute a stat dec prior to completion. Could you suggest a conveyancing practitioner in New Eltham who can witness and place their company stamp on the document?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are New Eltham based
I am a negotiator for a long established estate agent office in New Eltham where we have witnessed a number of leasehold sales derailed as a result of leases having less than 80 years remaining. I have been given conflicting advice from local New Eltham conveyancing firms. Can you clarify whether the seller of a flat can initiate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
We have reached the end of our tether in trying to purchase the freehold in New Eltham. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a missing landlord or if 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 judgment on the price payable.
An example of a Lease Extension matter before the tribunal for a New Eltham property is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case related to 1 flat.
Midway through the sale of a leasehold flat in New Eltham. Conveyancing lawyers are doing their job but we are being charged a fortune by the landlord. So far we have paid £225 for a leasehold management information and then a further £117.20 for supplemental questions supplied by the purchaser's conveyancing practitioner.
Neither you or your solicitor will have any impact over the extent of the charges for this information however the average fee for the information for New Eltham leasehold property is £360. When it comes to New Eltham conveyancing deals it is usual for the seller to pay for these charges. The freeholder or their agents are not duty bound to address these questions although many will agree to do so - albeit often at high prices where the fees bear little relation to the work involved. Unfortunately there is no statute that requires capped charges for administrative tasks. There is no statutory time limit by which they are required to provide the information.