My solicitor has identified a a problem with the lease for the flat we are buying in Woolwich. The seller’s lawyers have suggested defective title insurance as a workaround. We are content with insurance and will cover the costs. Our property lawyer says that he must check that the mortgage company is willing to move forward with this solution. Who is the client here, us or the mortgage company ?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the mortgage company are the client. These conveyancing instructions have to be complied with.
I am due to move property in December. Should my conveyancing solicitor call the removal company on the day of completion. On a separate note, can you put forward a removal company in Woolwich. Conveyancing firm was found prior to coming across this page.
On the afternoon of completion you will need to collect the house keys from your property agent but this should only be done when the previous owners lawyers advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you can advise the removal men that you are ready to move in. As a matter of policy we do not recommend a specific removal organisation but can assist you in finding a residential property solicitor in Woolwich or a firm with expertise in conveyancing in Woolwich.
Intending to buy a apartment in Woolwich. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Coventry BS 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 Woolwich lawyer is on the Coventry BS conveyancing panel.
Having digested plenty of mortgage guides, I note that they all recommend that you should get your house surveyed prior to buying it. When I asked my local Woolwich solicitor - who is on the Bank of Ireland conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
Bank of Ireland will need an independent valuation of the property. Your lawyer will not arrange this. Usually Bank of Ireland will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Woolwich surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Due to the encouragement of my in-laws I had a survey completed on a property in Woolwich prior to instructing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies will not issue a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. Should you wish to call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Woolwich. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in Woolwich and I am already nervous. I couldn't find anything specific about Woolwich. Conveyancing will be needed in due course but do you know about the Woolwich area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Woolwich. In the meantime here are some basic statistics that we found
I am using a search engine for the phrase conveyancing in Woolwich it brings up many solicitorsin the area. With so much choice what is the best way to find the suitable solicitor for purchase transaction?
The ideal method of seeking a suitable conveyancer is via personal recommendation, so enquire of friends and those you trust who have acquired a property in Woolwich or a local estate agent or mortgage broker. Costs for conveyancing in Woolwich differ, so it's sensible to obtain at least four costs illustrations from varying types of companies. Make sure that you know what costs in the quote includes.
Looking forward to sign contracts shortly on a leasehold property in Woolwich. Conveyancing solicitors inform me that they report fully within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in Woolwich should include some of the following:
Defining your rights in relation to the communal areas in the building.For example, does the lease include a right of way over a path or staircase? The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? You should be sent a copy of the lease Changes to the property
Following years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Woolwich. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We are happy to put you in touch with a Woolwich conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Woolwich premises is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case was in relation to 1 flat. The unexpired term as at the valuation date was 69.77 years.