Our bank has recommended solicitors on their panel based in Penge but I would rather use a conveyancing lawyer in Penge local to me. Can you assist?
Not all Penge conveyancing firms are on all lender’s conveyancing panel. Please make the most of our search tool to locate a Penge conveyancing conveyancer on the on the mortgage company panel.
Does a directory service exist listing Principality panel conveyancers in Penge on the UK Finance Lenders’ Handbook Website?
No. There is no such facility on the CML or Building Society Association sites. A small selection of lending institutions make their panel listings visible over the internet. Where you are in need of a Penge conveyancing practitioner on the Principality please make the most of our tool.
We have agreed to purchase a house in Penge. One unusual aspect is that the roof has a solar panel. Nottingham have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Nottingham your lawyer must check the formal instructions contained in Section two of UK Finance Lenders’ Handbook for Nottingham. The Council of Mortgage Lenders’ Handbook sets out minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Nottingham where a lease fails to comply with these conditions. The conditions relate to the installation of panels on properties countrywide and is not isolated to Penge.
My wife and I are at the point of viewing apartments in Penge and I am now considering a potential offer. Is it best to have my lawyer on ‘stand by’? I intend to finance via a mortgage with RBS.
It would be sensible to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are seeking a mortgage with RBS, ask your prospective lawyers if they are on the RBS conveyancing panel otherwise they can't do the mortgage legal work.
Me and my brother have a renovated Edwardian property in Penge. Conveyancing lawyer acted for me and Halifax. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Penge and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the position with the conveyancing lawyer who carried out the work.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Penge is where the house is located. What do you suggest?
Flying freeholds in Penge are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Penge you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Penge 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 residence.
Hoping to buy a property located in Penge and I am already nervous. I couldn't find anything specific about Penge. Conveyancing will be needed in due course but do you know about the Penge area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Penge. In the meantime here are some basic statistics that we found
Developers have recommended to me a solicitor and I've sought an estimate from them. It's almost two hundred pounds cheaper than my local Penge conveyancing practitioner. What's the catch?
Developers normally have lists of solicitors who expedite matters and who know the developer’s contract and lawyer. As many developers offer an incentive to select a preferred solicitor for this reason, any increased charges can be avoided and a builder will not suggest a conveyancing warehouse and run the risk of having the transaction stall when they want exchange in 28 days. A counter-argument for not agreeing to use the recommended conveyancing practitioner is that they may prove unwilling to fight for your interests for fear of upsetting the sellers. If you worry that this may be the case you should stick with your local Penge lawyer.