I am hoping to move into my new home in Parsons Green next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as as she informs me that she is duty bound to validate that it is in order for the bank. What does the insurance need to cover?
Any lawyer on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook conditions. These requirements are not limited to conveyancing in Parsons Green.
I'm the only recipient of my late father’s will and I have everything in my name now, including the my former home in Parsons Green. The Parsons Green property was put into my name in November. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', meaning my property ownership will be treated the same way as though I had purchased the property in November. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. How practical a view mortgage companies take of it, depend on the bank as this obligation is primarily there to identify subsales or the quick reselling of properties.
Last month we had a mortgage agreed in principle with Kent Reliance. Parsons Green conveyancing solicitors were instructed. How long does it take for Kent Reliance to send the offer to the property lawyer?
There is no definitive answer here. Have Kent Reliance completed the survey? Have you advised Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My offer was accepted on a house in Parsons Green on 22/10/2025, valuation was booked 2 days later, received a clean bill of health. Property lawyer retained, so the only thing outstanding was my mortgage offer. Having made daily calls to RBS and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the RBS conveyancing panel. Are RBS entitled to hold back the Mortgage pending the lawyer being on the approved list?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I'm buying a new build house in Parsons Green with the aid of help to buy. The developers would not move on the amount so I negotiated 6k of extras instead. The house builders rep told me not inform my solicitor about this side-deal as it would put at risk my loan with the lender. Is this normal?.
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 am looking for a flat up to £305k and found one close by in Parsons Green I like with amenity areas and transport links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Parsons Green in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage that many years may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
What is different about your site and alternative internet conveyancing brokers when it comes to conveyancing in Parsons Green?
At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances for your conveyancing in Parsons Green. As opposed to estate agents and many comparison sites we are not in the business of charging firms a fee if you instruct them for your property ownership legalities in Parsons Green
Do you have any top tips for leasehold conveyancing in Parsons Green with the intention of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in Parsons Green can be reduced where you appoint lawyers as soon as you market your property and ask them to put together the leasehold documentation which will be required by the purchasers’ solicitors. In the event that you altered the property did you need the Landlord’s consent? Have you, for example installed wooden flooring? Most leases in Parsons Green state that internal structural alterations or laying down wooden flooring necessitate a licence from the Landlord acquiescing to such changes. Should you dont have the consents to hand do not communicate with the landlord without contacting your solicitor first. If you are supposed to have a share in the Management Company, you should make sure that you hold the original share document. Arranging a replacement share certificate is often a lengthy formality and slows down many a Parsons Green home move. If a reissued share certificate is necessary, you should approach the company director and secretary or managing agents (where relevant) for this as soon as possible. Some Parsons Green leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the yearly 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.
Notwithstanding our best efforts, we have been unsuccessful in negotiating a lease extension in Parsons Green. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a Parsons Green conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Parsons Green premises is 66 and 66a Wardo Avenue in November 2012. The Tribunal determined that the sum of £8,048 is payable by the Applicants in respect of the price for the freehold of the property This case affected 2 flats. The unexpired term was 93 years and 162 years.