We are buying a property and need a conveyancing solicitor in Parsons Green who is on the Skipton conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Skipton . We don't recommend any particular firms conducting conveyancing in Parsons Green.
My brother-in-law has suggested I instruct a conveyancing solicitor in Parsons Green. I I am struggling to find out whether they are accepted on the Godiva Mortgages Ltd approved list of lawyers. Could you help?
You should e-mail your solicitor and enquire whether they are on the lender panel. Alternatively please get in touch with Godiva Mortgages Ltd who may be able to help.
I purchased my apartment on 11 March and my personal details are still not registered. Any reason for this? My conveyancing solicitor in Parsons Green expressed confidence that it would be concluded inside ten days. Are titles in Parsons Green particularly slow to register?
As far as conveyancing in Parsons Green registration is no quicker or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can adjust according to who lodges the application, whether it is in order and whether the Land registry communicate with any 3rd parties. Currently roughly three quarters of submission are completed within two weeks but some can be subject to protracted hold-ups. Registration occurs after the buyer is living at the property thus 'speed' is not always top priority yet where there is a degree of urgency associated with the registration then you or your lawyers can communicate with the Registry to express the reasoning for an expedited registration.
I'm purchasing my first flat in Parsons Green with the aid of help to buy. The builders refused to move on the amount so I negotiated £7000 of extras instead. The estate agent told me not reveal to my conveyancer about this side-deal as it may put at risk my loan with The Royal Bank of Scotland. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I am attracted to a couple of maisonettes in Parsons Green both have about forty five years left on the leases. Will this present a problem?
There are no two ways about it. A leasehold flat in Parsons Green is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it reduces the marketability of the premises. For most purchasers and lenders, leases with under 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Parsons Green conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Following years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Parsons Green. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We can put you in touch with a Parsons Green conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Parsons Green flat is 66 and 66a Wardo Avenue in November 2012. The Tribunal determined that the sum of £8,048 is payable by the Applicants in respect of the price for the freehold of the property This case affected 2 flats. The remaining number of years on the lease was 93 years and 162 years.
My step-son is about to join the property ladder, he had his mortgage in principle. When the offer was accepted on apartment we contacted the mortgage company to issue the formal offer. I was disappointed to hear that mortgage companies do not accept all conveyancer, they must be on their panel, is this correct?
Mortgage Companies tend to imposes restrictions either the type or the number of conveyancing practices on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that lenders have no responsibility for the quality of advice provided by any Parsons Green conveyancer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.