We were just about to exchange contracts for a semi detached house in Crystal Palace. We have hit a problem. Our mortgage offer with Platform Home Loans Ltd runs out on 5/1/2026 but the vendors are insisting on a completion date of 7/1/2026. Can one extend the loan offer?
The best person to address this question is your solicitors who should determine if they corresponding with the lender, owner’s representatives, property agents or indeed all three based on the history of your transaction to date.
We are buying a 2 bedroom flat in Crystal Palace with a homeloan from Lloyds TSB Bank.We would like to retain our Crystal Palace conveyancing practitioner but Lloyds TSB Bank advised that he's not listed on their approved list of firms. It seems we are left with little choice but to instruct a Lloyds TSB Bank panel lawyer or retain our local solicitor and fork out for a Lloyds TSB Bank panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The loan issued to you contains various provisions, a common one being that lawyers will be on the Lloyds TSB Bank conveyancing panel. Until recently, most banks had large numbers of solicitors on their panels: a borrower could find 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 Lloyds TSB Bank
Have just purchased a repossessed house at auction in Crystal Palace. Conveyancing is necessary. What is next?
Having legally committed yourself to purchase you should instruct a conveyancing practitioner as a matter of priority as you are faced with a fast approaching deadline in which to complete the conveyancing. All auction property should have a bespoke auction set of papers. This should include most,if not all of the documents that your lawyer will need. If you have purchased leasehold premises the legal papers may provide a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You must hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that you have funds organised to complete on the on the contractual date .
We are buying a terrace house in Crystal Palace. The intention is to carry out an extension to the side at the property.Will legal due diligence on the property involve enquiries to see if these works are prohibited?
Your conveyancer should review the deeds as conveyancing in Crystal Palace can sometimes identify restrictions in the title documents which prohibit categories of changes or require the permission of another owner. Certain extensions need local authority planning consent and approval in compliance with building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
Intending to buy a apartment in Crystal Palace. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Santander conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Crystal Palace property lawyer is on the Santander conveyancing panel.
I need to retain a conveyancing solicitor for purchase conveyancing in Crystal Palace. I happened to stumble across a site which seems to have the perfect offering If it is possible to get all this stuff done via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We have reached the end of our tether in trying to reach an agreement for a lease extension in Crystal Palace. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where 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 Crystal Palace flat is Flat 1 4 Border Crescent in March 2012. the Tribunal decided that the sum payable by the Applicants to the Respondent in respect of the new lease for the subject property should be £11,616.00 (ElevenThousand and Six Hundred and Sixteen Pounds) This case was in relation to 1 flat. The unexpired lease term was 72.04 years.
In relation to leasehold conveyancing in Crystal Palace what are the most common lease problems?
Leasehold conveyancing in Crystal Palace is not unique. All leases are unique and drafting errors can result in certain clauses are missing. The following missing provisions could result in a defective lease:
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A duty to insure the building
A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Santander, Chelsea Building Society, and Britannia all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the purchaser to pull out.
Please set out some of specific advantages to selecting a high street conveyancing practitioner in Crystal Palace
Home movers in Crystal Palace opt for a nearby high street conveyancing practitioner so that they can visit just in case they have problems, and to deliver documents rather than run the risk of relying on the Royal Mail.
There is a marginal advantage when opting for a conveyancer local to the property you are planning to purchase, due to the knowledge of the region and possible local concerns - nevertheless this is moot. Most conveyancers are now over the web and may be almost anywhere.