I am obtaining a offer of a home loan from Lloyds. I would like to employ the services of a Licensed Conveyancer in New Addington. Does the Lloyds Conveyancing panel allow for conveyancers regulated by the CLC?
The Lloyds conveyancing panel is, like many other lenders, represented by the Council or Mortgage Lenders or BSA, open to Licensed Conveyancers regulated by the CLC.
I am buying a property mortgage free in New Addington. I have been living for the last 20 years in New Addington. Conveyancing searches are a lot of money. Given that I have knowledge of the area and road very well must I have all the conveyancing searches?
In the absence of a mortgage, then the vast majority of the New Addington conveyancing searches are non-obligatory. Your solicitor will ’encourage you, no-doubt strongly, that you should have searches carried out, but she has a professional duty to take that path of guidance. One thing to consider; if you are going to sell the house one day, it may be of interest to your future purchaser what the searches reveal. On occasion properties with no practical issues can still reveal negative search results. A good conveyancing solicitor in New Addington should provide you some constructive guidance concerning this.
We note that you have a search directory identifying firms on the TSB conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in New Addington?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in New Addington.
How does conveyancing in New Addington differ for newly converted properties?
Most buyers of new build or newly converted property in New Addington approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is completed. This is because house builders in New Addington usually acquire the site, 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 accustomed to new build conveyancing in New Addington or who has acted in the same development.
I opted to have a survey carried out on a property in New Addington prior to instructing conveyancers. I have been informed that there is a flying freehold aspect to the house. My surveyor has said that some banks will refuse to issue a mortgage on a flying freehold house.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in New Addington. Conveyancing will be smoother if you use a solicitor in New Addington especially if they regularly deal with such properties in New Addington.
What are your top tips when it comes to appointing a New Addington conveyancing firm to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a New Addington conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with two or three firms including non New Addington conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
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What are the charges for lease extension conveyancing?
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a New Addington conveyancing firm to assist?
Most certainly. We are happy to put you in touch with a New Addington conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a New Addington flat is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case related to 6 flats. The remaining number of years on the lease was 78.32 years.