We are hoping to buy a purpose built apartment in Anerley with a loan from The Mortgage Works.We like our Anerley conveyancing lawyer but The Mortgage Works informed us his firm is not on their "panel". It seems we have little choice but to instruct a The Mortgage Works panel lawyer or keep our high street solicitor and pay for one of their panel ones to act for them. This seems very unfair; is there anything we can do?
No, not really. The loan issued to you contains various provisions, one of which will be that solicitors must be on the The Mortgage Works approved list. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your lawyer to apply to be on the conveyancing panel for The Mortgage Works
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Anerley?
Two types of professional can execute conveyancing in Anerley namely licenced conveyancers or solicitors. The two can handle conveyancing services that you need to complete the disposal or purchase of property. They are both obliged to conduct Anerley conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally carried out and that all necessary steps should be suitably followed.
I'm the single beneficiary of my late mum's will with all property in now in my sole name, including the house in Anerley. The Anerley property was put into my name in July. I now wish to sell up. I understand that there is a CML 6 month 'rule', which means that my proprietorship will be regarded the same way as though I had purchased the property in July. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. many mortgage companies would take a pragmatic view as this obligation principally exists to capture subsales or the wholesaling and assigning of property.
We were going to get a OIP from Leeds Building Society this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Anerley solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Anerley solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
I require fast conveyancing in Anerley as I am faced with pressure to complete in less than 2 weeks. Luckily I do not require a mortgage. Can I escape the need for conveyancing searches to save money and time?
As you are are a mortgage free buyer you are at free not to do searches although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Anerley the following are examples of what can appear and adversely impact future saleability: Enforcement Notices, Overdue Fees, Overdue Grants, Unadopted Roads,...
About to purchase a new build apartment in Anerley. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Anerley
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Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
As co-executor for the estate of my grandmother I am disposing of a residence in Monmouth but live in Anerley. My conveyancer (approximately 300 kilometers from meneeds me to execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Anerley to attest and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Anerley
What advice can you give us when it comes to appointing a Anerley conveyancing practice to deal with our lease extension?
When appointing a property lawyer for lease extension works (regardless if they are a Anerley conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We suggest that you speak with two or three firms including non Anerley conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:
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If the firm is not ALEP accredited then why not?
I own a ground floor flat in Anerley. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
in cases where there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to assess the amount due.
An example of a Lease Extension decision for a Anerley 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 related to 1 flat. The unexpired lease term was 26.38 years.