Unfortunately I am unable to travel far from Lewisham. Is there a reason why all Lewisham property lawyers aren't included on all bank panels?
As unjust as it may appear for lenders to limit who can represent them, from the public’s or conveyancer’s viewpoint, the the contrary view is that mortgage companies are becoming ever more anxious and consider it imperative to protect them against mortgage fraud. As a consequence of this concern lenders are limiting their panel of approved conveyancing lawyers to a manageable size.
I'm buying my first flat in Lewisham with a mortgage from HSBC Bank. The builders refused to budge the price so I negotiated 6k of additionals instead. The estate agent suggested that I not inform my lawyer about this extras as it may jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a straight forward, no chain conveyancing. Lewisham is the location of the property. Can you shed any light on this issue?
Flying freeholds in Lewisham are rare 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 lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lewisham may determine 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.
We're novice buyers - had an offer accepted, yet the estate agent advised that the seller will only go ahead if we use the agent's chosen conveyancers as they are insisting on a ‘quick sale’. We would rather use a high street solicitor who is accustomed to conveyancing in Lewisham
It is highly unlikely the owners are behind this. If they desire ‘a quick sale', taking such a hostile approach to a serious purchaser is not the way to achieve this. Speak to the owners direct and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Lewisham conveyancing solicitors - not the ones that will earn their negotiator at the agency a referral fee or hit his conveyancing targets pre-set by senior management.
I have just started marketing my garden flat in Lewisham. Conveyancing solicitors are to be appointed soon, however I have just received a quarterly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the invoice as normal as all ground rent and service invoices should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the leaseholder of a second floor flat in Lewisham. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the amount payable for a lease extension?
if there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the LVT to determine the amount due.
An example of a Lease Extension case for a Lewisham premises 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 related to 2 flats. The unexpired term was 72 years.
Me and mywife and I are are seeking to find a value for money conveyancing lawyer in Lewisham to help me sell my place. I I am fearful of appointing the wrong one and there are many Lewisham conveyancing organisations out there...who's the best?
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