My financial adviser says he needs my South East London law firm’s panel reference for the Nat West conveyancing panel. Can you suggest how I obtain this. I have tried my local South East London branch but they cant find it on their system.
You are best placed to get this information from your South East London solicitor . They retain a central record lender panel numbers.
If you had a top tip for choosing a conveyancing solicitor in South East London what would it be?
It would be unwise to be tempted by the lowest South East London conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. 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 the deal.
After shopping around on the internet I have found a South East London solicitor having made sure that they are on the Barclays conveyancing panel. Does my lawyer arrange the survey of the property?
Barclays will need an independent valuation of the property. Your lawyer will not arrange this. Usually Barclays will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own South East London surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
My sealed bid on a semi in South East London has been accepted, but there is a chain. The vendors have offered on a property, however it’s not been accepted yet, and have viewings of other flats booked. I have instructed a bricks and mortar conveyancing solicitor in South East London. What do I do now? When should I get the mortgage application with Virgin Money going?
It is understandable to have anxieties where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is in the region of one thousand pounds, then survey, South East London conveyancing search costs, etc). First, you should ensure that your conveyancer is on the Virgin Money approved list. Regarding the subsequent steps this very much dictated by the uniqueness of your transaction, motivation for the property and on the state of the market. During a rising market some buyers will apply for the mortgage with Virgin Money and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to move forward with the conveyancing in South East London.
I opted to have a survey completed on a property in South East London in advance of retaining lawyers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some banks may not issue a mortgage on a flying freehold home.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. If you call us we can check via the appropriate lender. 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 can be more complicated and therefore you should check with your conveyancing solicitor in South East London to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in South East London cover?
Commercial conveyancing in South East London covers a broad range of services, offered by regulated solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
Back In 2001, I bought a leasehold flat in South East London. Conveyancing and Norwich and Peterborough Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in South East London who previously acted has now retired. Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. There is no need to instruct a South East London conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
After months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in South East London. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to judgment on the sum to be paid.
An example of a Freehold Enfranchisement case 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 was in relation to 1 flat. The unexpired term as at the valuation date was 73.26 years.
What is the reason for my conveyancing practitioner requiring various items of identification before they can commence with my conveyancing in South East London?
South East London conveyancers are required by the Law Society, SRA, the Land Registry and current Money Laundering legislation to record that the have verified the identity of their clients. It will also be a requirement of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to SDLT and need to have details such as your full names, national insurance number and date of birth.