It is a dozen years since I purchased my property in Norbury. Conveyancing solicitors have now been appointed on the sale but I can't locate the deeds. Will this jeopardise the sale?
Don’t worry too much. First there is a possibility that the deeds will be with the lender or they may still be with the solicitor who acted in your purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring current official copies of the land registers. Almost all conveyancing in Norbury relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is not insurmountable.
My lender has suggested solicitors on their panel based in Norbury but I would rather instruct a conveyancing lawyer in Norbury round the corner to me. Are you able to assist?
The minority of Norbury conveyancing firms are on all banks conveyancing panel. Do make the most of the above search tool to find a Norbury conveyancing firm on the on the bank panel.
I'm purchasing a new build house in Norbury with a mortgage from Norwich and Peterborough Building Society. The sellers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The sale representative advised me not inform my conveyancer about the deal as it will adversely affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the input of my in-laws I had a survey completed on a house in Norbury ahead of appointing lawyers. I have been advised that there is a flying freehold element to the property. The surveyor advised that some lenders tend not issue a mortgage on this type of house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Halifax. Should you wish to call us we can investigate further via 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 Norbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Norbury to see if the conveyancing costs will increase in light of this.
What makes your site different to alternative online quote calculators when it comes to conveyancing in Norbury?
At this site obtain an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Norbury. As opposed to estate agents and brokerage sites we are not in the business of charging firms a commission if you appoint them for your property ownership legalities in Norbury
I own a leasehold flat in Norbury. Conveyancing and Platform Home Loans Ltd mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing practitioner in Norbury who acted for me is not around. Do I pay?
The first thing you should do is contact HMLR to be sure that the individual purporting to own the freehold is in fact the new freeholder. It is not necessary to instruct a Norbury conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the leaseholder of a two-bedroom flat in Norbury. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
in cases where there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to judgment on the premium.
An example of a Lease Extension decision for a Norbury premises is Flat 12, Newlands Court Streatham Common North in May 2012. the decision of the Tribunal was that the premium payable by the Applicants to the Respondent for the new lease of the Premises be £70,140. This case related to 1 flat. The unexpired lease term was 23.25 years.