My financial adviser has requested my Anerley lawyer’ panel member for the Nat West conveyancing panel. Can you suggest how I obtain this. I have called my local Anerley office but they cant find it on their system.
You are best placed to get this information from your Anerley property lawyer . They maintain a central record lender panel numbers.
My wife and I have recently appointed a conveyancing solicitor in Anerley. I I am struggling to find out whether they are accepted on the Accord Mortgages Ltd conveyancing panel. Could you assist?
You should e-mail your conveyancer and enquire if they can act for the bank. Otherwise please call Accord Mortgages Ltd who may be able to confirm.
My lawyer has informed me that chancel insurance is needed on my purchase. What is the level of cover for Anerley conveyancing?
The right level of chancel indemnity insurance depends on who your lender is. It would differ for example between Lloyds TSB Bank and Virgin Money. Conveyancing practitioners as opposed to members of the public take out such insurances.
I'm the only beneficiary of my late mum's will and I have everything in my name now, including the my former home in Anerley. Conveyancing formalities meant that the Land Registry date was in April. I now wish to sell up. I understand that there is a CML 6 month 'rule', which means that my property ownership could be regarded the same way as if I'd bought the property in April. Will no one buy the property for half a year?
The Council of Mortgage Lenders’ handbook instructs 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 impacted by that. How practical a view lenders take of it, depend on the lender as this clause primarily exists to capture subsales or the wholesaling and assigning of properties.
Clydesdale have agreed my mortgage in principle, my offer on a flat in Anerley has been accepted, now what?
Your property agent will wish to know who your solicitors are (make sure the conveyancing practitioners are on the bank’s panel). Telephone Clydesdale or the broker and finish off any outstanding forms. Clydesdale will sellect a valuer who will get in contact with the estate agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes about ten days for the mortgage offer to be issued. Clydesdale will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Anerley.
three months have gone by following my purchase conveyancing in Anerley completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What advice can you give us when it comes to appointing a Anerley conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a conveyancer for lease extension works (regardless if they are a Anerley conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non Anerley conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be helpful:
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What are the legal fees for lease extension conveyancing? If they are not ALEP accredited then why not?
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Anerley conveyancing firm to assist?
in cases where there is a missing 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 sum to be paid.
An example of a Lease Extension matter before the tribunal for a Anerley flat 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 term was 26.38 years.
I have chosen a Anerley conveyancing solicitor for our home move (novice purchasers) and have noticed in the Ts and Cs that they are not overseen by the FCA. Am I right to be worried or is that usually the case with conveyancing practitioner?
We can't see why they should be. Most conveyancing practitioner don't lend money. You should check that they are regulated by the Solicitors Regulation Authority, who set strict conditions in relation to amounts held by them.