Just been in touch with my conveyancing solicitor in Peckham who acted for me 18 months ago and wanted a conveyancing quote based on an identical type of house move (a leasehold property and a freehold property) of similar values with a loan from Bank of Scotland. It looks as though am now being charged twice the amount. Am I right to be tempted to shop around for an alternative conveyancer?
The charges appear a little high. If you you were to look around you may be able to shave off some of the expense by perhaps £125. On the other hand, assuming were content with the legal work the firm provided you maylive to regret opting for an a cheaper lawyer. If is important to ensure that the firm can act for Bank of Scotland. Do employ our search tool to select a Peckham conveyancing firm on the Bank of Scotland conveyancing panel, which can often include conveyancing solicitors in Peckham.
My partner and I changing mortgage lender for our flat in Peckham with Clydesdale. We have a son 18 who lives at home. Our solicitor requested us to identify any adults other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have two questions (1) Is this document specific to the Clydesdale conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) Does our son by signing this compromise his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Clydesdale. This is solely used to protect Clydesdale if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Clydesdale had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
The estate agent has sent us the confirmation of our purchase of a new build flat in Peckham. Conveyancing is necessary evil 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 conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Peckham
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Please supply a car parking plan. Please confirm the Lease plans are surveyor prepared. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, chain free conveyancing. Peckham is the location of the property. What do you suggest?
Flying freeholds in Peckham are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Peckham you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Peckham may decide 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 property.
Am I better off to use a Peckham conveyancing practitioner based in the vicinity that I am hoping to buy? An old friend can conduct the legal work but her office is a couple of hundredmiles away.
The benefit of a high street Peckham conveyancing practice is that you can attend the office to sign paperwork, present your ID and apply pressure on them where appropriate. Having local Peckham know how is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and on the whole were impressed that must outweigh using an unknown Peckham conveyancing lawyer solely due to them being local.
I am on look out for some leasehold conveyancing in Peckham. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in Peckham - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Peckham conveyancing firm to assist?
You certainly can. We are happy to put you in touch with a Peckham conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Peckham flat is 31 Kings Grove in January 2012. By a claim form issued on 11" August 2011 under action number 1LB01618 in the Lambeth County Court the applicant tenants sought dispensation under section 26 of the Leasehold Reform, Housing and Urban Development Act 1993 from the requirement to serve a notice under section 13 of that Act in order to purchase the freehold of the premises. The Tribunal decided the amount payable for the freehold as £10,728 This case affected 2 flats. The number of years remaining on the existing lease(s) was 80.5 years.