It has taken forever and a day but a loan offer from HSBC for the refinancing of my 3 bedroom flat is due any day now. Can you propose a cheap conveyancing solicitor in Penge?
You are on the wrong site if you are seeking cut-price fees for conveyancing solicitors in Penge. Our goal is to offer affordable conveyancing but our intention is not to work with the cheapest lawyers. Resist the temptation to appoint companies teasing you with low cost conveyancing in Penge. The optimum outcome, in going for cheap conveyancing, you will get your money’s worth and at worst it will result in you spending a lot in additional fees and still not receive the service expected.
In what way does my ID and proof of funds have anything to do with my conveyancing in Penge? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Penge conveyancing firm will require proof of identity in all conveyancing transactions. This is usually dealt with by provision of a passport and an original bank statement or utility bill evidencing your correct address.
In accordance with Money Laundering Regulations, conveyancing solicitors are required to investigate not only the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. Refusal to disclose this will result in your solicitor cancelling their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your property lawyers will have an obligation to notify the relevant authorities should they consider that any monies received by them may contravene the Money Laundering Regulations.
Two weeks ago we had a mortgage agreed in principle with Aldermore. Penge conveyancing solicitors have been appointed. How long does it take for Aldermore to issue the offer to the conveyancer?
There is no definitive answer here. Have Aldermore completed the survey? Have you advised Aldermore as to your lawyers' details and checked that your lawyers are on the Aldermore conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
My husband and I are in the throws of looking at flats in Penge and I am now considering a potential offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Kent Reliance.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are seeking a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
I can not fathom if my bank obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Penge bank branch on various occasions and was told it does not impact the mortgage offer and they would lend. My Penge conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Your solicitor has to comply with the CML Handbook section two requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I require quick conveyancing in Penge as I have pressure to complete inside 3 weeks. Fortunately I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are not obtaining a home loan you are at free not to have searches carried out although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Penge the following are examples of issues that can appear and adversely impact market value: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
I need to instruct a conveyancing lawyer in Penge for my remortgage. Is it possible to check a solicitor's complaints history with the profession’s regulator?
Anyone may search for presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA may monitor call for training reasons.
I've recently bought a leasehold flat in Penge. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the leaseholder of a two-bedroom flat in Penge. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
in cases where there is a missing landlord or where there is dispute about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to determine the price.
An example of a Lease Extension decision for a Penge residence is Flats 5, 9, 38 & 40 Blakewood Court Anerley Park in January 2012. the tribunal held that the premiums payable for the new lease sare: FLAT 5:- £7,130 FLAT 9:- £7,860 FLAT 38:- £15,867 FLAT 40: £14,834 This case related to 4 flats.