My wife and I are about to complete on the purchase of a property in South East London but as a consequence of wreckage from the recent storms I have managed to agree recompense from the owner of £3k taking the form of a adjustment in the price. I had intended this to be addressed as part of a side agreement however Bank of Ireland are not allowing this. Should they have been approached?
Your conveyancer being on a Bank of Ireland approved list is obliged to inform Bank of Ireland of any changes to the sale price. If you prohibit your solicitor to notify the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new lawyer for your conveyancing in South East London.
There are a variety of conveyancing solicitors in South East London but how do I know who's good?
We would encourage you not to base your choice on the cheapest South East London conveyancing costs illustration. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of time.
This question may be naive but I am new to the home moving as a first time buyer of a two bedroom flat in South East London. Do I collect the keys to the property on the completion date from my lawyer? If so, I will instruct a High Street conveyancing solicitor in South East London?
On the day of completion you do not need to go to the conveyancers office in South East London. Your solicitors will arrange to send the completion advance to the owner’s lawyers, and once they have received this, you will be called to receive the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
We are getting the release of further funds on our mortgage from Lloyds as we want to conduct alterations to our property in South East London. Do we need to appoint a nearby South East London solicitor on the Lloyds conveyancing panel to handle the legals?
Lloyds don't usually require a member of their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds panel.
Various online forums that I have frequented warn that are the main reason for stalling in South East London house deals. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of hindrances in the conveyancing process. Searches are unlikely to feature in any holding up conveyancing in South East London.
I have recentlybecome aware that Arc property Solicitors have been shut down. They conducted my conveyancing in South East London for a purchase of a leasehold flat 10 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The easiest way to see if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of South East London conveyancing specialists.
We're new to the buying process - had an offer accepted, yet the agent informed us that the owners will only issue a contract if we instruct their chosen conveyancers as they need a ‘quick sale’. We would rather use a family conveyancer with experience of conveyancing in South East London
It is improbable the sellers are driving this. Should the seller want ‘a quick sale', turning down a motivated purchaser is is going to put the whole deal at risk. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)but you are going to appoint your preferred South East London conveyancing firm - not the ones that will provide the negotiator at the agency a introducer fee or meet his conveyancing thresholds set by senior management.
I’m about to sell my ground floor apartment in South East London. Conveyancing solicitors are to be appointed soon, however I have recently had a quarterly maintenance charge demand – what should I do?
It best that you discharge the maintenance contribution as you normally would as all rents and maintenance charges will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a South East London conveyancing firm to act on my behalf?
in cases where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to assess the price payable.
An example of a Freehold Enfranchisement decision for a South East London residence is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case related to 1 flat. The number of years remaining on the existing lease(s) was 73.26 years.