The Nunhead conveyancing firm that I appointed last week on my house acquisition in Nunhead have suddenly shut down. I chose them because I needed a firm on the Lloyds conveyancing panel and my preferred Nunhead lawyer was not. I paid them funds in advance. What should be my next steps?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Lloyds conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
My bid for a property was accepted at auction in Nunhead. Conveyancing is needed. What happens now?
Given that you are now legally committed yourself to purchase you should retain a conveyancing practitioner quickly as you are faced with a fast approaching deadline in which to complete the purchase. An auction property will ordinarily have an associated auction pack. This will likely include most,if not all of the paperwork that your lawyer will need. In the case of leasehold property the legal papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You need to pass this on to the solicitor instructed by you at the earliest opportunity. You also need to ensure that that you have the requisite funding in order to complete on the on the contractual date .
A relative pointed out to me me that in buying a property in Nunhead there could be a number of restrictions preventing external alterations to the property. Is this right?
There are anumerous of properties in Nunhead which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Nunhead should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to lenders such as Clydesdale, do Nunhead conveyancing practitioners face an annual charge to be on the conveyancing panel?
We are not aware of any bank fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Nunhead. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Nunhead
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. There must be mutual enforceability of lessee’s covenants.
I am a sole trader planning to take an assignment of a lease of an office on the high street. Can you recommend solicitors offering no-move-no fees for non-domestic conveyancing in Nunhead for below £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Nunhead, including the disposal and purchase of businesses as well as simply premises. If you are intending to buy or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can put you in touch with the right solicitor. Regarding the charges these will vary based on the structure and heads of terms of the proposed transaction. Please provide us with your details or call us so that we can supply you with a fixed commercial conveyancing calculation.
I am one month into a freehold purchase having been referred to a firm by the selling agent to handle our conveyancing in Nunhead. We are not happy. Can you help me find new solicitors?
A lawyer would need to be really bad in order to consider replacing them. Has your mortgage been sent? If so you need to inform them of the new contact details and get the loan are re-sent. The conveyancer needs to be on the lenders approved list to avoid supplemental expenses and frustration. So that should be your first question of the new lawyers. The find a solicitor tool will help you find a lender approved lawyer for your home move in Nunhead
I am an executor of my recently deceased mum’s Will, with a house in Nunhead which is to be marketed. The bungalow is unregistered at the Land Registry and I'm advised that many EAs will insist that it is completed before they will proceed. What's the procedure for this?
In the situation you refer to it seems prudent to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.