Am I correct in assuming that the fact that my solicitor in Southwark is not on my bank's solicitor panel that there is a problem with the quality of her conveyancing?
That is most likely a wrong assumption to make. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Southwark conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
Can your site be used to locate a Conveyancing solicitor in Southwark even where I’m not buying or disposing of a house, for instance if I intend to buy a shop in Southwark with a mortgage from Platform Home Loans Ltd?
Our comparison service is mainly utilised to locate domestic conveyancing solicitors in Southwark but we have listed towards the end of this page a selection of Southwark commercial conveyancing firms. You will need to make contact with the firm directly to see if they are also authorised to represent Platform Home Loans Ltd
Will my conveyancing lawyers need to check that the building insurance when buying a house in Southwark. My lender is Accord Mortgages
Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 5/6/2023, the requirements read as follows :
I bought my apartment on 12 May and my personal details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Southwark expressed confidence that it should be formalised inside ten days. Are properties in Southwark particularly slow to register?
There is nothing unique about conveyancing in Southwark registration formalities. Rather than based on location, timescales can adjust subject to who lodges the application, whether there are errors and whether the Land registry communicate with any 3rd parties. Currently in the region of 80% of submission are completed within 12 days but occasionally there can be longer delays. Registration is effected once the buyer is living at the property so 'speed' is not always an essential issue but where there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.
What does commercial conveyancing in Southwark cover?
Commercial conveyancing in Southwark covers a broad range of guidance, supplied by qualified solicitors, relating to business property. For instance, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases 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 leases.
Last January I purchased a leasehold house in Southwark. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a garden flat in Southwark. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
Absolutely. We can put you in touch with a Southwark conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Southwark premises is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case affected 41 flats. The remaining number of years on the lease was 107 years.