Unfortunately I am unable to travel far from Lewisham. Is there a reason why all Lewisham property lawyers aren't included on all lender panels?
Banks point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lenders to review their conveyancing panels, which kicked off a major policy change in the sector. It resulted in banks and building societies culling a number of firms from their books of approved property lawyers .
We have rather brash sellers who has suggested a exclusivity contract with a down payment 6,000. Is it wise to enter into such agreements?
Exclusivity contracts are contracts between a home seller and purchaser granting the buyer the sole right to purchase the premises for a limited period of time. For all intents and purposes, a lock out agreement is a contract specifying that you will be issued with a contract at a later time which is the main conveyancing contract. It tends to be utilised for buyer confidence though in many situations, the vendor may stand to benefit from such agreements as well. There are various positives and negatives to using an agreement but you should to check with your conveyancer but beware that it may end up costing you more in conveyancing fees. In light of this these agreements are rare in relation to conveyancing in Lewisham.
Is there a reason why leasehold purchase conveyancing in Lewisham costs more?
Lewisham leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Have completed on a a detached house in Lewisham , how long will it take for the Land Registry to record the transfer to my name? My Lewisham conveyancing solicitor has been very slow, so I want to check the registration is addressed.
As far as conveyancing in Lewisham registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timeframes can vary according to the party submitting the application, whether it is in order and whether the Land registry communicate with any 3rd persons or bodies. As of today in the region of three quarters of submission are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Historically registration takes place once the buyer is living at the premises so an expedited registration is not typically primary concern but if it is urgent that the the registration takes place urgently then you or your conveyancer should communicate with the Registry to express the reasoning for an expedited registration.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a straight forward, chain free conveyancing. Lewisham is where the house is located. Is there any advice you can give?
Flying freeholds in Lewisham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lewisham you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lewisham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How simple is it to switch conveyancer as I have to instruct one who is on the Nottingham Building Society conveyancing panel. I hired a family conveyancing solicitor in Lewisham five minutes from me but the firm is not accepted by Nottingham Building Society
We will our best to assist in finding you a conveyancing solicitor in Lewisham on the Nottingham Building Society panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Lewisham. Using the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Lewisham.