We are looking to buy a flat and require a conveyancing solicitor in South London who is on the Bank of Ireland solicitor panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Bank of Ireland . We don't recommend any particular firms conducting conveyancing in South London.
What is the difference between a licensed conveyancer and conveyancing solicitor in South London
There are many registered licenced Conveyancers in South London and Solicitor firms in South London offering conveyancing We would stress that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. Both can deal with associated property related work such as remortgage conveyancing, enfranchisement and transfer of equity conveyancing.
We have a mortgage agreed in principle with Leeds Building Society. South London conveyancing practitioners were chosen. How long does it take for Leeds Building Society to issue the offer to the lawyer?
Some lenders take longer than others. Have Leeds Building Society completed the valuation? Have you advised Leeds Building Society as to your lawyers' details and checked that your lawyers are on the Leeds Building Society conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
After weeks of negotiation I have agreed a price on an apartment in South London. My mortgage broker suggested a conveyancer. I paid an advanced payment of £150. Shortly after, the solicitor contacted me to say that they were not on the Lloyds conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Lloyds panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Will our solicitor be raising enquiries concerning flooding during the conveyancing in South London.
Flooding is a growing risk for conveyancers dealing with homes in South London. There are those who acquire a property in South London, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the property. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Lawyers are not qualified to offer advice on flood risk, however there are a number of searches that can be carried out by the purchaser or by their conveyancers which should figure out the risks in South London. The conventional set of completed inquiry forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the seller to find out if the premises has suffered from flooding. If the property has been flooded in past which is not notified by the owner, then a purchaser could commence a legal claim for losses as a result of such an inaccurate response. The buyer’s lawyers will also conduct an environmental search. This should disclose whether there is a recorded flood risk. If so, further inquiries should be initiated.
I am looking for a leasehold apartment up to £235,500 and identified one close by in South London I like with open areas and station nearby, however it's only got 49 years unexpired on the lease. There is not much else in South London suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the shortness of the lease will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
Am I best advised to instruct a South London conveyancing practitioner based in the location that I am buying? We have a good friend who can execute the legal formalities but his firm is located 400kilometers away.
The primary upside of using a local South London conveyancing firm is that you can visit the firm to execute documents, deliver your identification documents and pester them if necessary. Having local South London know how is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If if people you trust instructed your friend and on the whole were impressed that should surpass using an unfamiliar South London conveyancing solicitor just because they are local.
I am due to review estimates for conveyancing in South London from three lawyer and choose one. Am I right to get them to sit tight until I I have an offer accepted on a house.
We would recommend that you only get your conveyancing practitioner to commence work and submit searches once the offer has been accepted on the property particularly as South London conveyancing searches are a couple of hundred pounds.