It is a dozen years since I bought my property in Catford. Conveyancing solicitors have just been retained on the sale but I am unable to find my deeds. Is this a problem?
Don’t worry too much. First there is a chance that the deeds will be kept by the lender or they could still be with the solicitor who oversaw your purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors obtaining current official copies of the land registers. Most conveyancing in Catford relates to registered property but in the unlikely event that your property is unregistered it is more tricky but is resolvable.
I am purchasing a right to buy a flat in Catford. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Catford you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Catford.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Catford?
There are two types of lawyers who can carry out conveyancing in Catford namely licenced conveyancers or solicitors. Both professionals administer the legal services that you need to complete the sale or acquisition of property. They are both duty bound to perform Catford conveyancing on similar quality and guidelines so you can be safe in the knowledge that your conveyancing will be properly administered and that the necessary procedures should be appropriately taken.
I'm the single recipient of my late mum's will and I have everything in my name now, including the my former home in Catford. The Catford property was put into my name in December. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership will be considered the same way as if I'd bought the house in December. Will no one buy the property for half a year?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. How practical a view mortgage companies take of it, depend on the lender as this provision is primarily there to identify the purchase and immediately sell or the quick reselling of property.
When it comes to lenders such as Santander, do Catford conveyancers incur a yearly amount to be on the list of approved solicitors?
We are not aware of any lender fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
Is it possible to change firm as I have to instruct one who is on the Lloyds TSB Bank conveyancing list. I hired a high street conveyancing solicitor in Catford five minutes from me but she is not accepted by Lloyds TSB Bank
It would be our pleasure to assist you select a conveyancing solicitor in Catford on the Lloyds TSB Bank panel. Please note that the property lawyers that we work with do not pay us a referral fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Catford. Using search facility on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Catford.
We're new on the property ladder - had an offer accepted, yet the agent informed us that the vendor will only proceed if we appoint their preferred lawyers as they need a ‘quick sale’. Our preferred option is to instruct a local conveyancer who is familiar with conveyancing in Catford
It is highly unlikely the owners are driving this. Should the seller want ‘a quick sale', alienating a serious buyer is not the way to achieve this. Bypass the agents and go straight to the owners and make the point that (a)you are motivated purchasers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you will continue to appoint your own,trusted Catford conveyancing firm - not the ones that will give their negotiator at the agency a kickback or meet his conveyancing targets pre-set by senior management.
Looking forward to sign contracts shortly on a ground floor flat in Catford. Conveyancing solicitors inform me that they will have a report out to me next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Catford should include some of the following:
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Rent payments - how much and what the invoice dates are, and be on notice if this is subject to change Does the lease prevent you from letting out the property, or having a home office for business Where does the liability rest to repair and maintain the main walls and foundations. It is important for you to know who is duty bound to repair and maintenance of every part of the building What remedies are open the freeholder should you breach a clause of your lease? What options are open to you if an adjoining owner is in violation of a provision in their lease?
Having spent months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Catford. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to calculate the price payable.
An example of a Freehold Enfranchisement case for a Catford residence is 44 Elmer Road in January 2013. The Tribunal dacied that amount to be paid by the Leaseholders for the Landlords freehold reversion was £12,951 as at the valuation date (20" September 2012).This matter was referred back to the Bromley County Court to deal with costs, fees and any other outstanding matters. This case related to 2 flats. The unexpired lease term was 74.25 years.