Recently contacted my conveyancing lawyer in East Dulwich who completed the legal work 18 months ago asking for a conveyancing quote based on the same type of house sale & purchase (a leasehold residence and a freehold property) of similar values with a loan from HSBC Bank. It looks as though am now being quoted twice the amount. Stick with what I know or do I try and find an alternative property lawyer?
The costs illustration is fractionally on the high side. Where you are happy to expend time scrutinising charges you might decrease the fees marginally by as much as a hundred pounds. On the other hand, assuming were happy with the legal work the firm provided you couldlive to regret opting for an a cheaper conveyancer. Don't forget to be sure that the solicitor can also act for HSBC Bank. You can make use of our search tool to get a quote a East Dulwich conveyancing firm on the HSBC Bank member panel, which can often include conveyancing solicitors in East Dulwich.
What does my ID and proof of funds have anything to do with my conveyancing in East Dulwich? Why is this being asked of me?
You are right in these requests have nothing to do with conveyancing in East Dulwich. Nowadays you will not be able to proceed with any conveyancing process without first submitting proof of your identity. This usually takes the form of a either your passport or driving licence plus a utility bill. Please note that if you are supplying your driving licence as proof of identification it must be both the paper part as well as the photo card part, one is not satisfactory without the other.
Evidence of your origin of funds is required under Money Laundering Regulations. Don’t be offended when you are asked to produce this as your conveyancing solicitor will need to retain this information on file. Your East Dulwich conveyancing lawyer will need to see evidence of proof of funds before they are able to accept any monies from you into their client account and they may also ask further questions regarding the origin of monies.
We are aiming to move house in January. Does my conveyancing solicitor update the removal company on the day of completion. On a separate note, can you put forward a removal company in East Dulwich. Conveyancing lawyer was found before I stumbled across this page.
On the afternoon of completion you will need to pick up the keys from your property agent but this should only happen when the sellers solicitors advise the agent that they have the completion monies and the keys can be passed over. After that you will need to advise the removal men that you are ready to move in. As a matter of policy we do not recommend a specific removal company but can assist you in finding a conveyancing in East Dulwich or a legal practice with expertise in conveyancing in East Dulwich.
When it comes to lenders such as Lloyds, do East Dulwich property lawyers incur a yearly amount to be on the conveyancing panel?
We are not aware of any bank fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
Is there a list of HSBC panel solicitors in East Dulwich on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such directory service on the CML or Building Society Association sites. A small selection of mortgage companies make their panel listings viewable over the internet. Where you are in need of a East Dulwich lawyer on the HSBC please use our facility.
Over the last few months I have been searching for a flat up to £245,000 and identified one round the corner in East Dulwich I like with open areas and station nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in East Dulwich suitable, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan that many years will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
What is different about your site and other internet conveyancing brokers for conveyancing in East Dulwich?
At this site receive a fixed fee quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in East Dulwich. As opposed to estate agents and many comparison sites we do not operate commission arrangements with solicitors. A large number of agents and online brokers 'recommend' solicitors that pays the most kickback, rather than the best value conveyancing in East Dulwich
I work for a long established estate agency in East Dulwich where we have witnessed a few leasehold sales jeopardised due to leases having less than 80 years remaining. I have been given inconsistent advice from local East Dulwich conveyancing firms. Could you shed some light as to whether the owner of a flat can initiate the lease extension process for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Despite our best efforts, we have been unsuccessful in trying to purchase the freehold in East Dulwich. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We are happy to put you in touch with a East Dulwich conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a East Dulwich flat is Flat 1 40-42 Ewelme Road in August 2012. the Tribunal assessed the premium for the lease extension in the sum of £11,800 This case related to 1 flat. The unexpired lease term was 61.81 years.