Am I correct in assuming that the fact that my conveyancer in Parsons Green is not listed on my lender's conveyancing panel that there is a problem with the quality of his conveyancing?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Parsons Green conveyancing firm and enquire why they are no longer on the approved list for your mortgage company.
As someone not used to the Parsons Green conveyancing process what is the number one tip you can give me concerning the ownership transfer in Parsons Green
Not many law firms or advisers will tell you this but conveyancing in Parsons Green and elsewhere in West London is often a confrontational experience. Put another way, when it comes to conveyancing there exists lots of room for conflict between you and other parties involved in the transaction. E.g., the vendor, property agent and even potentially a mortgage company. Choosing a law firm for your conveyancing in Parsons Green an important selection as your conveyancer is your adviser, and is the SOLE person in the transaction whose interest is to protect your best interests and to protect you.
There is a worrying ongoing adversarial element to conveyancing- someone has to be at fault for the process being so protracted. You your first instinct should be to trust your conveyancer above all other players when it comes to the legal assignment of property.
I am purchasing a property and require a conveyancing solicitor in Parsons Green who is on the Bank of Ireland approved. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Bank of Ireland in certain locations such as Parsons Green. We dont recommend any particular firm.
Over the last few months I have been searching for a flat up to £195,000 and found one near me in Parsons Green I like with amenity areas and transport links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Parsons Green suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan the shortness of the lease will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
Do you have any advice for leasehold conveyancing in Parsons Green from the perspective of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Parsons Green can be reduced if you instruct lawyers as soon as your agents start advertising the property and request that they start to put together the leasehold documentation which will be required by the purchasers’ lawyers. The majority of freeholders or Management Companies in Parsons Green levy fees for supplying management packs for a leasehold property. You or your lawyers should find out the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most common cause of delay in leasehold conveyancing in Parsons Green. Some Parsons Green leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to notify your estate agents to make sure that the purchasers obtain bank and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the annual 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 purchasers or their solicitors. In the event that you altered the property did you need the Landlord’s permission? In particular have you installed wooden flooring? Parsons Green leases often stipulate that internal structural alterations or addition of wooden flooring calls for a licence issued by the Landlord consenting to such works. If you dont have the paperwork in place you should not contact the landlord without checking with your lawyer in advance.
I own a garden flat in Parsons Green. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the amount due for the purchase of the freehold?
Where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to make a decision on the sum to be paid.
An example of a Freehold Enfranchisement decision for a Parsons Green flat 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 related to 2 flats. The remaining number of years on the lease was 93 years and 162 years.
I have just started marketing my ground floor flat in Parsons Green.Conveyancing is yet to be initiated but I have just had a half-yearly maintenance charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as usual given that all rents and maintenance charges should be apportionedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless 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. This will smooth the conveyancing process