How up to date is your search tool for Penge conveyancing solicitors on the RBS conveyancing panel? Do RBS send you an updated list?
Penge conveyancing firms themselves provide us confirmation that they are on the RBS conveyancing panel as opposed to being supplied with a list from RBS directly.
The formalities of my remortgage has taken place for my property in Penge. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
UBS have agreed my mortgage in principle, my offer on a apartment in Penge has been agreed to, what are the next steps?
Your estate agent will wish to know who your solicitors are (make sure the lawyers are on the lender’s approved list). Contact UBS or the financial adviser and finalise any relevant documentation. UBS will sellect a valuer who will get in touch with the estate agent or seller to arrange an appointment. Once conducted (assuming no problems) it takes about a week for the mortgage offer to be issued. UBS will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Penge.
My offer on a property in Penge has been accepted, the sellers do nevertheless have a connected purchase. The sellers have offered on somewhere, however it’s not yet agreed to, and are looking at other flats in the pipeline. I have selected a nearby conveyancing solicitor in Penge. What do I do now? At what stage should I apply for the mortgage with Principality?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of £1k, then valuation, Penge conveyancing search costs, etc). The first thing to do is ensure that your property lawyer is on the Principality approved list. Regarding the next phase this very much depends on the specifics of your transaction, attraction to the property and on the state of the market. In a buoyant market the majority of home buyers will apply for a home loan with Principality and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to press on with the conveyancing in Penge.
Various online forums that I have frequented warn that are the main cause of hinderance in Penge house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays during the legal transfer of property. Searches are not likely to feature in any slowing down conveyancing in Penge.
Due to the encouragement of my in-laws I had a survey completed on a house in Penge before appointing conveyancers. I have been told that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies tend not issue a loan on this type of property.
It varies from the lender to lender. Lloyds has different requirements for example to Birmingham Midshires. If you call us we can look into this further with 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 Penge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Penge to see if the conveyancing will be more expensive.
I am looking for a conveyancing practitioner in Penge for my house move. Is there any facility to review a solicitor's complaints history with the legal regulator?
Anyone can find documented Solicitor Regulator Association (SRA) determinations arising from investigations from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator may monitor telephone calls for training purposes.
Completion is due on the sale of our £275,000 apartment in Penge in just under a week. The managing agents has quoted £408 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Penge?
Penge conveyancing on leasehold apartments often involves the purchaser’s conveyancer sending questions for the landlord to answer. Although the landlord is under no legal obligation to address such questions the majority will be willing to assist. They are entitled to charge a reasonable administration fee for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is over three hundred pounds, in some situations it exceeds £800. The management information fee levied by the landlord must be sent together with a synopsis of rights and obligations in respect of administration fees, otherwise the invoice is technically not due. Reality however dictates that one has no choice but to pay whatever is demanded if you want to complete the sale of your home.
Following years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Penge. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We can put you in touch with a Penge conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Penge property is Flats 5, 9, 38 & 40 Blakewood Court Anerley Park in January 2012. the tribunal held that the premiums payable for the new lease sare: FLAT 5:- £7,130 FLAT 9:- £7,860 FLAT 38:- £15,867 FLAT 40: £14,834 This case related to 4 flats.