When will exchange of contracts happen for sale conveyancing in South East London and am I required to attend the lawyers branch?
Where you are in close proximity to one of the conveyancing solicitors in South East London you are invited in to sign the paperwork. However, the lender approved solicitors we work with offer a nationwide conveyancing service and provide as equally diligent and professional a job for you when dealing with you digitally. The executing of the contract is not the point of no return. A signed contract is just a prerequisite for the conveyancer to officially exchange when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in South East London)to be in the office at the appropriate time.
Having invested time looking at moneysavingexpert.com for a conveyancing solicitor in South East London, many advise that I should look for a CQS kitemarked lawyer. Can you explain what CQS is?
South East London Conveyancing Quality Scheme law firms have achieved certification by the law Society CQS was brought about to promote high standards in the in the legal transfer of properties. CQS enables home movers to recognise practices who provide a quality residential conveyancing. South East London is one of locations in England and Wales in which CQS are based. The scheme requires law firms to undergo a strict assessment, compulsory training, self-certification, random audits and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Legal Ombudsman.
Various web forums that I have frequented warn that are the primary cause of obstruction in South East London house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in South East London.
Due to the guidance of my in-laws I had a survey completed on a house in South East London ahead of appointing solicitors. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some lenders tend refuse to grant a mortgage on this type of home.
It varies from the lender to lender. Santander has different requirements for example to Birmingham Midshires. If you contact us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in South East London. Conveyancing may be slightly more expensive based on your lender's requirements.
If all goes to plan we aim to complete the sale of our £150,000 flat in South East London next week. The management company has quoted £360 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in South East London?
South East London conveyancing on leasehold maisonettes usually requires the purchaser’s conveyancer sending enquiries for the landlord to answer. Although the landlord is not legally bound to respond to such questions most will be content to do so. They may levy a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is £350, in some transactions it exceeds £800. The administration charge required by the landlord must be accompanied by a summary of rights and obligations in respect of administration charges, without which the charge is not strictly payable. Reality however dictates that you have no choice but to pay whatever is requested of you if you want to sell the property.
I have had difficulty in trying to purchase the freehold in South East London. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We are happy to put you in touch with a South East London conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a South East London property 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 affected 1 flat. The unexpired term as at the valuation date was 73.26 years.
Should I stop my mortgage payments with Aldermore as soon as a completion date for my home sale in South East London has been agreed?
No, you must maintain meeting any mortgage payments to Aldermore pending the mortgage being discharged on completion as part of your South East London conveyancing.