A loan agreement from NatWest for the refinancing of my 4 room maisonette is expected imminently. Are you able to suggest a cheap conveyancing practitioner in Lewisham?
You are on the wrong site if you are in need of a cheap conveyancing in Lewisham. Our aim is to provide cost effective conveyancing but we do not aim to work with the cheapest lawyers. Do not be swayed by brokers offering ninety nine pound conveyancing in Lewisham. Optimistically, in going for cheap conveyancing, you will get your money’s worth and at worst you will end up being stung for additional fees and still not end up with the service required.
Have completed on a a terraced house in Lewisham , how long should it take for the Land Registry to deal with the formalities evidencing my ownership? My Lewisham conveyancing solicitor has been very slow, so I want to be sure that my name is registered.
As far as conveyancing in Lewisham registration is no faster or slower than anywhere else in the country. Rather than based on location, timescales can vary according to the party submitting the application, whether there are errors and whether the Land registry have to notify any other parties. Currently roughly three quarters of submission are completed within two weeks but some can be subject to longer delays. Registration is effected once the new owner has moved in to the premises thus an expedited registration is not always top priority but where there is a degree of urgency associated with the registration then you or your solicitor should communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Lewisham differ for new build properties?
Most buyers of new build property in Lewisham contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Lewisham usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Lewisham or who has acted in the same development.
I opted to have a survey done on a house in Lewisham prior to instructing conveyancers. I have been informed that there is a flying freehold overhang to the property. My surveyor has said that some lenders may not give a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Lewisham. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I go with a Lewisham conveyancing lawyer who is local to the property I am buying? We have a good friend who can execute the conveyancing however they are based 200miles drive away.
The benefit of a local Lewisham conveyancing practice is that you can pop in to sign paperwork, deliver your identification documents and pester them where appropriate. They will also have local knowledge which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and the majority were happy that should surpass using an unfamiliar Lewisham conveyancing lawyer just because they are local.
Can you provide any top tips for leasehold conveyancing in Lewisham from the perspective of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Lewisham can be avoided where you get in touch lawyers the minute your agents start marketing the property and ask them to put together the leasehold information which will be required by the buyers’ lawyers. You may think that you are aware of the number of years remaining on your lease but it would be advisable verify this via your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to to exchange contracts if the lease term is below 75 years. It is therefore important at an early stage that you identify whether the lease term for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. The majority of freeholders or managing agents in Lewisham charge for supplying management packs for a leasehold home. You or your lawyers should find out the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Lewisham. A minority of Lewisham leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.
I own a first floor flat in Lewisham. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for a lease extension?
Most definitely. We can put you in touch with a Lewisham conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Lewisham property 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 was in relation to 2 flats. The unexpired term was 72 years.