I am not in a position to travel far from Putney Vale. Is there a reason why all Putney Vale property lawyers aren't included on all bank panels?
A decade ago most banks had an approach to risk which differs from the current day. The FSA in 2010 conducted a thematic review into mortgage fraud which concluded: know the property lawyers on your panel. Consequently, lenders have subsequently looked to extract more data from law firms about their processes and the individuals who work for them and set certain criteria such as completing a minimum volume of transactions. Hundreds of firms have been removed from lender panels even though they had an exemplary disciplinary record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the minimum volume of transactions the mortgage companies set.
We are buying a flat in Putney Vale. It might be a silly question but how we can trust a solicitor? At some point we have to deposit our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
is it true that all Putney Vale solicitor practices on the RBS conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the RBS approved list of solicitors they would need to be governed by the SRA. Some banks do allow licenced conveyancers on their panel and in that case the practice would be overseen by the CLC.
I have paid off my mortgage with Leeds Building Society. I assume I don't need a Putney Vale solicitor on the Leeds Building Society panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
Do commercial conveyancing searches reveal proposed roadworks that may impact a commercial land in Putney Vale?
Its becoming the norm that commercial conveyancing solicitors in Putney Vale will conduct a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Putney Vale. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Putney Vale.
For every commercial conveyancing transaction in Putney Vale it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately may cause delays to Putney Vale commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not conducted for residential conveyancing in Putney Vale.
How does conveyancing in Putney Vale differ for newly converted properties?
Most buyers of new build property in Putney Vale approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Putney Vale tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Putney Vale or who has acted in the same development.
I am looking at a two flats in Putney Vale both have approximately forty five years unexpired on the leases. should I be concerned?
There are plenty of short leases in Putney Vale. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the value of the lease deteriorates and results in it becoming more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this area.
I have given up trying to reach an agreement for a lease extension in Putney Vale. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We are happy to put you in touch with a Putney Vale conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Putney Vale flat is 158 West Hill in November 2010. the Tribunal held that the premium to be paid for the freehold reversion should be £99,650 This case related to 7 flats. The unexpired term was 75.88 years.
I'm going to be buying a flat very soon in Putney Vale. I am in need of a Putney Vale conveyancing solicitor. My family lawyer is based in Jersey and unable to help.Please can you suggest a cheap Putney Vale solicitor that will assist us as well as represent Co-operative?
The purpose of this site is restricted to being a directory service for solicitors who wish to be listed as being on the approved conveyancing panel for Co-operative in certain locations for example Putney Vale . We dont recommend any specific solicitor.