My IFA has requested my South Croydon law firm’s panel member for the Nat West conveyancing panel. How do I discover this. I have called my local South Croydon branch but they have not responded to me.
Have you tried contacting your South Croydon conveyancing practitioner about this?. Most South Croydon law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
I am acquiring a property without a mortgage in South Croydon. I have resided for the previous dozen years in South Croydon. Conveyancing searches are expensive. Given that I have knowledge of the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then the vast majority of the South Croydon conveyancing searches are optional. Your conveyancer will ’encourage you, perhaps strongly, that you should have searches carried out, but she has a professional duty to do this. One thing to take into account; if you are intend to dispose of the house in the future, it may be of relevance to your future purchaser what the searches reveal. On occasion properties with no practical issues can still show up unpredicted search results. A competent conveyancing solicitor in South Croydon will be able to give you some helpful guidance in this regard.
I'm buying my first flat in South Croydon benefiting from help to buy. The developers refused to move on the price so I negotiated 6k of additionals instead. The sale representative suggested that I not disclose to my solicitor about this deal as it may put at risk my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
As co-executor for the estate of my father I am disposing of a property in Newport but I am based in South Croydon. My solicitor (who is 260 kilometers from meneeds me to execute a statutory declaration prior to completion. Could you suggest a conveyancing solicitor in South Croydon who can witness and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are South Croydon based
Do you have any top tips for leasehold conveyancing in South Croydon with the intention of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in South Croydon can be reduced where you appoint lawyers as soon as your agents start marketing the property and ask them to put together the leasehold information which will be required by the purchasers’ lawyers. If you have had any disputes with your freeholder or managing agents it is essential that these are settled before the property is marketed. The buyers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may need to swallow your pride and discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is better to present the dispute as over rather than unsettled. If you have carried out any alterations to the premises would they have required Landlord’s permission? In particular have you installed wooden flooring? South Croydon leases often stipulate that internal structural changes or addition of wooden flooring require a licence from the Landlord approving such changes. Where you dont have the paperwork in place you should not contact the landlord without checking with your lawyer in the first instance. Some South Croydon leases require Licence to Assign from the landlord. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors.
After months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in South Croydon. Can we issue an application to the Residential Property Tribunal Service?
Where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to assess the sum to be paid.
An example of a Freehold Enfranchisement decision for a South Croydon flat is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case affected 6 flats. The unexpired term as at the valuation date was 78.32 years.
The mortgage broker has recommended their solicitor for our conveyancing in South Croydon - Is it not simpler advisable to just use them?
It is not always the case and you are at liberty to instruct whichever lawyer you prefer for your South Croydon home move. A solicitor suggested by a 3rd party adviser may not necessarily be the best conveyancer, they may suggest their preferred conveyancing firm who are based remotely. In this instance you may not have contact with your solicitor and due to the lack of continuity in the transaction, it may be difficult to obtain updates.