I can't travel far from Sidcup. Is there a reason why all Sidcup solicitors are not on all mortgage company panels?
Mortgage companies highlight the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The removal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which kicked off a major policy change in the sector. It led to banks and building societies purging a number of firms off their official list of approved lawyers .
I am nearing an exchange on a house in Sidcup and my mum and dad have transferred the 10% deposit to my solicitor. I am now informed that as the deposit has not come from me my lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The solicitor is legally required to check with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Our bank has recommended solicitors on their panel based in Sidcup but I would rather instruct a conveyancing lawyer in Sidcup round the corner to me. Are you able to help?
Far from all Sidcup conveyancing practices are listed all lender’s conveyancing panel. Please make use of the above search tool to identify a Sidcup conveyancing conveyancer on the on the lender panel.
I am buying a new build flat in Sidcup. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Sidcup
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I am on look out for some leasehold conveyancing in Sidcup. Before I set the wheels in motion I would like to find out the remaining lease term.
Assuming the lease is registered - and most are in Sidcup - then the leasehold title will always include the basic details 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 am the registered owner of a ground flat in Sidcup. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
Most definitely. We can put you in touch with a Sidcup conveyancing firm who can help.
An example of a Lease Extension case for a Sidcup flat is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case was in relation to 1 flat.
My folks cant seem to find their Sidcup land registry title on the online search facility. They have a vague recollection back in the 60’s when they purchased the bungalow there were complications with Sidcup not being identified on some systems.
Nearly all properties in Sidcup should be revealed. Have you limited your search to simply the postcode. Usually it will mention all the premises within the postcode. Where registered it will show up with a title number. If they bought back in the 60’s it's conceivable it may be not yet registered. The address may still be revealed but with the title number identified as 'na'. In this scenario you will need to find the original title papers which could be with your parent’s bank.