My wife and I are getting closer to an exchange on a property in New Beckenham and my mum and dad have transferred the exchange deposit to my lawyer. I am now told that as the deposit has been sent from someone other than me my conveyancing practitioner needs to make a notification to my bank. I am advised that, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the bank about my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your solicitor is duty bound to check with the bank to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We see that you have a search directory identifying law firms on the RBS conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in New Beckenham?
We are a listing service only for law firms wishing to communicate if they are on the RBS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in New Beckenham.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. New Beckenham is where the house is located. Can you shed any light on this issue?
Flying freeholds in New Beckenham are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in New Beckenham you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in New Beckenham may ascertain 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 premises.
My brother has recommend that I instruct his conveyancing solicitors in New Beckenham. Should I use them?
Much as we are happy to recommend a New Beckenham conveyancing lawyer it’s preferable to select a conveyancing practitioner is to have feedback from friends or family who have experience in using the firm you're considering.
Looking forward to complete next month on a ground floor flat in New Beckenham. Conveyancing solicitors assured me that they report fully within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in New Beckenham should include some of the following:
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Whether the lease restricts you from letting out the property, or working from home Advice concerning the obligations in the lease to pay service charges - in relation to the building, and the more general rights a lessee enjoys Do you need to have carpet in the flat or are you allowed wood flooring? Defining your rights in respect of common areas in the building.For example, does the lease provide for a right of way over an accessway or hallways? Who has the liability to repair and maintain the main walls and foundations. It is important that you know who is duty bound to repair and maintenance of every part of the building
I am the leaseholder of a ground-floor 1950’s flat in New Beckenham. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
in cases where there is a missing landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to assess the price.
An example of a Freehold Enfranchisement case for a New Beckenham property is 26 Manor Road in July 2010. the Tribunal decided that price to be paid for the freehold was £12,420 This case related to 2 flats. The unexpired term as at the valuation date was 76.75 and 88.83.
Are New Beckenham conveyancing solicitors under an obligation to the Law Society to issue clear conveyancing costs?
Contained within the Solicitors Code of Conduct are prescriptive rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not intended as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in New Beckenham or across England and Wales.