Willretaining a South East London conveyancing lawyer make the legal process smoother?
South East London is a unique place, where regional insight is a big bonus. The laid-back lifestyle is great – just not for your conveyancing. The conveyancers that we endorse possess deep South East London insight with a positive, hands-onattitude that helps everything runs smoothly. It is a definite plus where they can make use of good rapport with financial advisers, search providers, valuers and other South East London conveyancing practitioners
My wife and I are nearing an exchange on a property in South East London and my parents have sent the exchange deposit to my conveyancing practitioner. I am now advised that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my lender. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is not just from me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancing practitioner is duty bound to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
This question may be naive but I am unseasoned as a first time purchaser of a two bedroom flat in South East London. Do I pick up the keys to the property on the completion date from my lawyer? If this is the case, I will instruct a High Street conveyancing solicitor in South East London?
On the day of completion you do not need to attend the conveyancers office in South East London. Your solicitors will transfer the purchase money to the vendor’s solicitors, and shortly after the monies have arrived, you will be invited to collect the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
We are buying a victorian detached house in South East London. We would like to an extension at the rear at the house.Will the conveyancing process involve investigations to ascertain if these works are permitted?
Your property lawyer should review the registered title as conveyancing in South East London can on occasion identify restrictions in the title deeds which restrict categories of works or require the permission of another owner. Many works require local authority planning permissions and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
My wife and I are at the point of viewing flats in South East London and I am about to put in an offer. Should I already have a lawyer in place at this point? I will be getting a mortgage with Virgin Money.
You should start requesting conveyancing quotes from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their contact information on to the estate agent. Given that you are seeking a mortgage with Virgin Money, make sure you remember to check that your lawyer is on the Virgin Money conveyancing panel.
I need some expedited conveyancing in South East London as I am faced with pressure to complete in less than 2 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you are at liberty not to have searches conducted although no solicitor would recommend that you don't. With lots of history conveyancing in South East London the following are instances of what can be revealed and therefore affect market value: Enforcement Actions, Outstanding Charges, Outstanding Grants, Railway Schemes,...
I have been on the look out for a flat up to £235,500 and identified one round the corner in South East London I like with open areas and station in the vicinity, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in South East London in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
My wife and I purchased a leasehold house in South East London. Conveyancing and Alliance & Leicester mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing practitioner in South East London who acted for me is not around. Do I pay?
The first thing you should do is contact the Land Registry to be sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to incur the fees of a South East London conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a first floor flat in South East London. 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?
in cases where there is a absentee landlord or if there is dispute 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 First-tier Tribunal (Property Chamber) to arrive at the price.
An example of a Freehold Enfranchisement matter before the tribunal for a South East London flat 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 was in relation to 1 flat. The unexpired lease term was 73.26 years.