I have just been advised by my estate agent that my South East London solicitor is not on the bank Conveyancing panel. How can I be certain whether this is indeed the case?
The first thing you need to do is to contact your South East London lawyer directly. You lawyer should inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
Can conveyancing in South East London to be concluded inside 3 weeks?
Where the seller is applying pressure for your conveyancing we would recommend that your lawyer is familiar with the area as they will have local relationships and intelligence. It is possible that they could have handled otherproperties in the same street. Therefore consider using a South East London conveyancing firm. In addition, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that nearly one in five of South East London conveyancing deals are suspended or derailed after finding out that a purchaser’s solicitor was not on their mortgage lender’s list of approved solicitors. In many cases this discovery resulted in the legal process being held up by an average of three weeks. It is estimated that this issue impacts in the region of one hundred thousand home sales every year. Almost all South East London conveyancing practices can not represent certain banks so do check at the outset.
My colleague recommended that if I am buying in South East London I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your South East London conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about South East London around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the South East London Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, South East London Education with maps and statistics, Local Amenities and other useful data regarding South East London.
My husband and I are 14 days into a freehold purchase having been referred to solicitors by the local agent to do our conveyancing in South East London. I am am starting to be disappointed with the quality of service. Could you you assist me in finding new lawyers?
A solicitor would need to be really poor to suggest diss instructing them. Has the mortgage been generated? In the event that it has you must inform them of the new contact details and get the mortgage documents are re-issued. Your conveyancer should be on the banks approved list to avoid escalating charges and complications. So that should be your starting point. The find a solicitor tool can assist you in finding a bank approved lawyer for your home move in South East London
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have just discovered that the title is leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in South East London. Conveyancing advisers have are soon to be instructed. Will they explain the issues?
The majority of houses in South East London are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in South East London so you should seriously consider looking for a South East London conveyancing practitioner and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’spermission to carry out alterations. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the property is located on an estate. Your lawyer should appraise you on the various issues.
Following months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in South East London. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We are happy to put you in touch with a South East London conveyancing firm who can help.
An example of a Freehold Enfranchisement case 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 term as at the valuation date was 73.26 years.
My partner and I are purchasing a 2 bedroom flat in South East London. At the time of instructing our solicitor, they said that they were on all mainstream mortgage company panels. Our mortgage broker called yesterday to say that they are not on the Nottingham approved list. If it turns out to be true, what should we do? Do we simply find a different conveyancing practitioner that is on their approved list or do we cover the costs for separate representation, with Nottingham selecting their own preferred conveyancing practitioner.
Where you are acquiring a property needing a mortgage it is standard for the purchaser’s solicitors to also represent the mortgage company. In order to act for a bank or building society a lawyer has to be on that lender's conveyancing panel. An application has to be made by the property lawyer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the conveyancer has to fulfill. Some mortgage companies now require their panel members to be part of the Law Society’s Conveyancing Quality Scheme. Your conveyancer should contact Nottingham and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on Nottingham's conveyancing panel as you are at liberty to use your preferred South East London lawyers, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.