Just contacted my conveyancing lawyer in Greenwich who conducted the legals 18 months ago and wanted a conveyancing costs illustration based on an identical type of house move (a leasehold residence and a freehold premises) of similar values with a loan from Barnsley Building Society. It looks as though am now being charged double. Should I hunt for a cheaper internet property lawyer?
The estimate fees seem a tad high. If you you were to look around you could get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, assuming were content with the conveyancing the firm offered you maylive to regret opting for an an untested lawyer. Remember to check the conveyancer can act for Barnsley Building Society. Do utilise our search tool to choose a Greenwich conveyancing firm on the Barnsley Building Society approved list of lawyers, which can often include conveyancing solicitors in Greenwich.
We had instructed solicitors based in Greenwich on the Kent Reliance solicitor approved list. They have just billed me a supplemental amount for handling the Kent Reliance mortgage. Is this an additional conveyancing fee set by Kent Reliance?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitor may levy a fee for this. The charge is not dictated by Kent Reliance but by your Greenwich lawyer. Numerous firms on the Kent Reliance panel will quote an ‘acting for lender’ fee but some practices incorporate it on their overall fee.
I have a mortgage with HSBC for my property in Greenwich. Conveyancing was finalised months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform HSBC?
Your original mortgage agreement with HSBC will provide that you need their approval before letting out your property as this is likely to be a breach of HSBC’s mortgage conditions. It may be that HSBC will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. It should not be necessary to do this via a HSBC conveyancing panel solicitor.
I am selling my house. I had a double glazing fitted in August 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, UBS are being pedantic. The Greenwich solicitor who is on the UBS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but UBS are insisting on a building regulation certificate. Why do UBS have a conveyancing panel if they don't accept advice from them?
It is probably the case that UBS have referred the matter to their valuer. The reason why UBS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I have been told that property searches are the main reason for obstruction in Greenwich house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any delay in conveyancing in Greenwich.
The deeds to our property can not be found. The conveyancers who dealt with the conveyancing in Greenwich 4 years ago no longer exist. What are my options?
In today’s world there are duplicates made of almost everything, and your solicitor will know exactly where to look for all the appropriate paperwork so you can purchase or sell your house without a hitch. If copies can’t be found, your conveyancer can arrange cover in the form of insurance or indemnities against possible claims on your property.
Do I need to be concerned by brokers that I am dealing with are suggesting a nationwide conveyancing firm rather than a High Street Greenwich conveyancing practice?
As with many professional services, often input from family and friends can be most helpful. Yet there are lots of people with a keen interest in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may put forward solicitors to appoint. On occasion these solicitors might be known to one of the organisations as being good in their field, but sometimes there behind the scenes commercial relationship behind the recommendation. You have the discretion to appoint your preferred conveyancer. However, bear in mind that many banks specify a panel list of law firms you have to use for the lender aspect of your house move.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Greenwich conveyancing firm to assist?
Most definitely. We are happy to put you in touch with a Greenwich conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Greenwich flat is 73 Walerand Road in August 2012. the result of the findings of the Tribunal led to a premium to be paid for the extended lease in respect of Flat 73 in the sum of £10,040. The premium applicable in respect of Flat 85 was £5,710. This case affected 2 flats. The unexpired lease term was 72 years.
What are the frequently found defects that you encounter in leases for Greenwich properties?
There is nothing unique about leasehold conveyancing in Greenwich. All leases are individual and legal mistakes in the legal wording can result in certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:
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Clauses dealing with recovering service charges for expenditure on the building or common parts.
You will have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. HSBC Bank, Bank of Scotland, and Clydesdale all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to pull out.