We chose a local firm for our conveyancing in Southwark yesterday. Upon checking the Terms and Conditions I noteI am on the hook for costs even if the dealfalls through. Would I be best advised to use a web based solicitor practice promoting no move no charge conveyancing in Southwark?
It is usually a trade off in that if "No Completion No Fee" is offered then the fee levels will generally be more expensive to cover those transactions that do not proceed. Also remember that such offerings rarely protect you from outlay e.g. Southwark conveyancing search expenses.
I am buying a new build house in Southwark with the aid of help to buy. The builders would not move on the price so I negotiated 6k of extras instead. The estate agent told me not to tell my solicitor about this extras as it will affect my mortgage with Britannia. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I decided to have a survey done on a house in Southwark ahead of retaining solicitors. I have been advised that there is a flying freehold overhang to the house. My surveyor advised that some mortgage companies tend refuse to grant a loan on a flying freehold property.
It varies from the lender to lender. Santander has different requirements from Birmingham Midshires. If you e-mail us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Southwark. Conveyancing will be smoother if you use a solicitor in Southwark especially if they regularly deal with such properties in Southwark.
Hoping to buy a property located in Southwark and I am already nervous. I couldn't find anything specific about Southwark. Conveyancing will be needed in due course but do you know about the Southwark area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Southwark. In the meantime here are some basic statistics that we found
I've recently bought a leasehold property in Southwark. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation 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. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure 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 have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Southwark conveyancing firm to assist?
Where there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to make a decision on the premium.
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.
My wife and I have recently appointed a conveyancing solicitor in Southwark. I need to find out if they are listed on the lender's conveyancing panel. Can you or the bank confirm if they are on the panel?
You should contact your conveyancer and ask them if they are on the lender's approved list. If that does not help call us and we can investigate and revert. Should the firm not be on the conveyancing panel we can certainly arrange a reputable conveyancing solicitor in Southwark on the panel for your lender.