I am buying a garden flat in South London. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in South London you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in South London.
We are getting the release of further funds on our mortgage from Nationwide as we want to conduct a loft conversion to our house in South London. Do we need to appoint a local South London solicitor on the Nationwide conveyancing panel to deal with the legals?
Nationwide don't usually appoint a member of their approved list of lawyers 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 Nationwide conveyancing panel.
It is not clear whether my bank requires a lease extension. I have called into my local South London building society branch on a couple of occasions and was reassured it wasn't an issue and they would lend. My South London conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they will not lend in accordance with their published requirements. I have no idea who is right.
The solicitor has to comply with the CML Handbook Part 2 specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Intending to buy a flat in South London. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the South London solicitor is on the TSB conveyancing panel.
We are intent on selling our home in South London and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street South London lawyer would know that there is no such problem. It does beg the question why the buyers used a factory type conveyancing practice rather than a conveyancing solicitor in South London. Having lived in South London for 4 years we know of no issue. Do we contact our local Authority to seek confirmation need.
It sounds as though you may have a conveyancing solicitor already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
The estate agent has sent us the confirmation of our purchase of a new build flat in South London. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in South London
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
In scouring the web for the phrase on line conveyancing in South London it shows results of many property lawyerslocally. With so much choice what is the best way to find the right conveyancing solicitor for my move?
The preferential method of choosing a suitable conveyancer is through a personal referral, so ask colleagues and relatives who have purchased a property in South London or a respected estate agent or mortgage broker. Charges for conveyancing in South London differ, so it's sensible to obtain at least three fee estimates from varying types of companies. Make sure that you know that the fees are fixed.
Do online conveyancing companies undertake everything a local South London solicitor does or do I still need to retain a solicitor for the final stages for my conveyancing in South London?
If you instruct an online conveyancer they should undertake all the work your South London conveyancer would cover.