My partner and I are approaching an exchange on a property in South Norwood and my mum and dad have transferred the ten percent deposit to my conveyancing practitioner. I am now informed that as the deposit has not come from me my solicitor needs to make a notification to my lender. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The solicitor is obliged to check with lender to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
Can your site be used to recommend a Conveyancing solicitor in South Norwood even where I’m not purchasing or disposing of a house, for instance if I want to buy a shop in South Norwood with a mortgage from The Mortgage Works?
The service is predominantly there to get a quote from residential conveyancing solicitors in South Norwood but we have set out towards the end of this page a selection of South Norwood commercial conveyancing firms. You should enquire with the company directly to establish if they can also act for The Mortgage Works
This question may be naive but I am unexperienced as a first time buyer of a garden flat in South Norwood. Do I receive the keys to the premises on completion from my lawyer? If this is the case, I will appoint a High Street conveyancing solicitor in South Norwood?
On the day of completion you do not need to go to the conveyancers office in South Norwood. Conveyancing lawyers for you will transfer the purchase money to the seller's lawyers, and once they have received this, you will be invited to collect the keys from the Estate Agents and move into your new home. Usually this happens early afternoon.
I am buying a 3 bedroom semi in South Norwood. Our aim is to convert the garage to a playroom at the property.Will the conveyancing process involve enquiries to determine if these alterations are allowed?
Your conveyancer will check the registered title as conveyancing in South Norwood can on occasion reveal restrictions in the title deeds which restrict categories of works or require the permission of a 3rd party. Many works need local authority planning consent and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be sensible to check these issues with a surveyor ahead of any purchase.
I am purchasing a property in South Norwood. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
As you are obtaining a mortgage with HSBC your lawyer must follow the formal requirements outlined in Part 2 of UK Finance Lenders’ Handbook for HSBC. The CML Handbook stipulates minimum requirements for solar panel roof-space leases, and conveyancers are required to report to HSBC where a lease fails to meet these requirements. The provisions relate to the installation of panels on properties countrywide and is not limited to South Norwood.
Will commercial conveyancing searches disclose proposed roadworks that could affect a commercial land in South Norwood?
Many commercial conveyancing solicitors in South Norwood will carry out a SiteSolutions Highways report as it reduces the time that conveyancers spend in sourcing accurate data on highways that impact buildings and development assets in South Norwood. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in South Norwood.
For every commercial conveyancing transaction in South Norwood it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could result in delays to South Norwood commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for domestic conveyancing in South Norwood.
In searching the web for the phrase on line conveyancing in South Norwood it reveals numerous solicitorsin the area. How do I determine which is the right solicitor for me?
The preferential way of choosing a suitable conveyancer is via trusted referral, so seek the guidance of colleagues and family who have purchased a property in South Norwood or the local estate agent or mortgage broker. Costs for conveyancing in South Norwood vary, so it's a good idea to secure a minimum of three costs illustrations from varying types of conveyancers. Dont forget to clarify what costs in the quote includes.
I am in need of some leasehold conveyancing in South Norwood. Before I get started I require certainty as to the remaining lease term.
If the lease is recorded at the land registry - and 99.9% are in South Norwood - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a South Norwood conveyancing firm to act on my behalf?
You certainly can. We can put you in touch with a South Norwood conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a South Norwood premises is Flats 55, 67 & 70 Melbourne Court Anerley Road in July 2013. The tribunal calculated that the premium for the extended lease at £48,366.00 for at 55, and £88,329.00 for ats 67 and 70 combined. This case affected 1 flat. The unexpired term was 26.38 years.