The Colliers Wood conveyancing lawyers that I appointed last week on my house acquisition in Colliers Wood have suddenly closed. I only went with them because I needed a firm on the TSB conveyancing panel and my family Colliers Wood lawyer was not. I cut them a cheque for two hundred pounds in advance. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the TSB conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist.
There are plenty of conveyancing solicitors in Colliers Wood but how do I know who's good?
Do not opt for the cheapest Colliers Wood conveyancing fees. You really do get what you pay for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
This question may be naive but I am unexperienced as FTB of a two bedroom flat in Colliers Wood. Do I receive the keys to the premises on completion from my lawyer? If so, I will instruct a High Street conveyancing solicitor in Colliers Wood?
On the day of completion you do not need to go to the conveyancers office in Colliers Wood. Conveyancing lawyers for you will arrange to send the purchase money to the seller's conveyancers, and once they have received this, you will be invited to collect the keys from the property Agents and move into your new home. Usually this occurs between 1 and 3pm.
Are all Colliers Wood Conveyancing Quality Solicitors on the Nationwide conveyancing list of approved practices?
It is true that some lenders now use CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
Just bought a detached house in Colliers Wood , how long should it take for the Land Registry to register my proprietorship? My Colliers Wood conveyancing solicitor works at snail pace, so I want to be certain that my purchase is registered.
There is nothing unique about conveyancing in Colliers Wood registration formalities. Rather than based on location, timeframes can vary according to who lodges the application, whether there are errors and whether the Land registry communicate with any other parties. At present in the region of 80% of submission are fully dealt with within 12 days but some can be subject to protracted hold-ups. Historically registration is effected after the purchaser has moved in to the property so 'speed' is not typically an essential issue yet if it is urgent that the the registration takes place urgently then you or your conveyancer can speak with the land registry and explain the circumstances.
Due to the guidance of my in-laws I had a survey completed on a property in Colliers Wood before retaining solicitors. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies may refuse to give a loan on such a premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Colliers Wood. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Colliers Wood cover?
Non domestic conveyancing in Colliers Wood covers a wide array of guidance, given by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
What advice can you give us when it comes to appointing a Colliers Wood conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Colliers Wood conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Colliers Wood conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be helpful:
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If they are not ALEP accredited then why not?
Notwithstanding our best efforts, we have been unsuccessful in trying to purchase the freehold in Colliers Wood. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the amount due.
An example of a Lease Extension matter before the tribunal for a Colliers Wood flat is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case was in relation to 1 flat. The unexpired term was 62.94 years.