Unfortunately I am unable to travel far from Barking. Is there a reason why all Barking property lawyers aren't included on all lender panels?
Banks point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud every year.The removal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for mortgage companies to review their conveyancing panels, which triggered a major policy change in the sector. It led to mortgage companies culling a number of firms from their official list of approved property lawyers .
In the event thatI was to buy a simple residential housein Barking for cash and have no survey and no local authority searches how much would I expect to have to pay for conveyancing in Barking?
Any savings you would make would be limited to the disbursement for searches. A lawyer still got to do everything else - money laundering, communicating with your sellers lawyer, SDLT return, register the ownership etc. You might save a bit for them not having to register a charge but it won't be a lot.
We note that you have a post code search directory identifying firms on the Clydesdale conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in Barking?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Barking.
Our bank has recommended a law firm on their panel based in Barking but I would rather use a conveyancing lawyer in Barking or nearer to where I live. Can you assist?
Not all Barking conveyancing solicitors are on all lender’s conveyancing panel. Use our search tool to identify a Barking conveyancing solicitor on the on the lender panel.
I am thinking of appointing a conveyancing practitioner in Barking for my sale. Is it possible to see a firm’s complaints history with the profession’s regulator?
Anyone can see published Solicitor Regulator Association (SRA) determinations stemming from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator sometimes recorded call for training requirements.
Last March I purchased a leasehold house in Barking. Do I have any liability for service charges for periods before 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. 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).
Despite our best efforts, we have been unsuccessful in trying to reach an agreement for a lease extension in Barking. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to calculate the premium.
An example of a Lease Extension decision for a Barking property is 240 Strone Road in January 2014. the tribunal held that the price to be paid for the freehold interest was£23,538 of which£13,017 is attributable to the ground floor flat and £10,521 to the first floor flat. This case related to 2 flats. The number of years remaining on the existing lease(s) was 65.5 years.