My husband and I are buying a new build flat in Dulwich and my solicitor is informing me that she is duty bound to the mortgage company to disclose incentives from the developer. I am under pressure to exchange contracts and I don't want to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I had intended to instruct a conveyancing solicitor in Dulwich for our house purchase. Our financial adviser informed us that our bank Bank of Ireland won't deal with them. Why is this not regarded as unduly restrictive?
Mortgage Companies in the main restrict either the category or the number of conveyancing solicitors on their approved list of lawyers. A common example of such criteria being that a law practice must have two or more partners. In addition to restricting the type of firm, a few banks have limited the amount of firms they use to represent them. Be aware that Bank of Ireland have no responsibility for the quality of advice provided by any member of Bank of Ireland Conveyancer Panel. Mortgage fraud was a key driver in the reduction of conveyancing panels since 2008 even though there remains mixed views concerning the extent of solicitor involvement in some of that fraud. Data from the Land Registry indicate that hundreds of law firms, including some in or near Dulwich only perform a couple conveyances a year.
Are there restrictive covenants that are commonly identified during conveyancing in Dulwich?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Dulwich. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Hoping to buy a property located in Dulwich and I am already nervous. I couldn't find anything specific about Dulwich. Conveyancing will be needed in due course but do you know about the Dulwich area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Dulwich. In the meantime here are some basic statistics that we found
I am in need of some leasehold conveyancing in Dulwich. Before diving in I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in Dulwich - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Following years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Dulwich. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We can put you in touch with a Dulwich conveyancing firm who can help.
An example of a Lease Extension case for a Dulwich flat is 60 Taymount Grange Taymount Rise in June 2012. The Tribunal determined the premium at £13,346 for a lease extension of a further 90 years This case affected 1 flat. The unexpired term was 64 years.
I have miscalculated my finances and am a couple of grand short a 10% deposit on my apartment purchase in Dulwich , but I am anxious go ahead. Do I have options?
One option is to try and agree a smaller deposit. Most sellers will agree to a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute