Are the Morden conveyancing solicitors identified as being on the Clydesdale conveyancing panel, together with their details provided by Clydesdale?
Morden conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
I am considering applying for a TSB mortgage for purchase of a newly converted (under development) in Morden with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for TSB ?
In theory, you could use a solicitor that is not on the TSB conveyancing panel, but TSB would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
Various internet forums that I have come across warn that are the number one cause of obstruction in Morden conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not feature within the common causes of delays during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Morden.
How do I use your search app to find a conveyancing lawyer in Morden on the panel for my bank?
1st choose a lender such as Lloyds TSB Bank, The Mortgage Works or Clydesdale then choose your preferred area such as Morden. Conveyancing firms in Morden and nationally will then be listed.
My husband and I are FTB’s - agreed a price, yet the selling agent has warned us that the vendor will only move forward if we appoint the agent's chosen conveyancers as they want an ‘expedited deal’. My instinct tells me that we should use a local conveyancer with experience of conveyancing in Morden
We suspect that the owner is unaware of this ultimatum. If they desire ‘a quick sale', turning down a serious buyer is counter productive. Speak to the vendors direct and make sure they understand (a)you are keen to buy (b)you are ready to progress, with finances arranged © you do not need to sell (d) you intend to proceed fast (e)however you are going to instruct your own,trusted Morden conveyancing solicitors - not the ones that will earn their estate agent a referral fee or meet his conveyancing thresholds set by corporate headquarters.
I am attracted to a two apartments in Morden both have approximately 50 years remaining on the leases. Will this present a problem?
There are plenty of short leases in Morden. The lease is a right to use the property for a period of time. As the lease gets shorter the value of the lease deteriorates and results in it becoming more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. More often than not it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this arena.
We have reached the end of our tether in negotiating a lease extension in Morden. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to determine the amount due.
An example of a Lease Extension decision for a Morden residence is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case was in relation to 1 flat. The unexpired residue of the current lease was 62.94 years.