What does my ID and proof of funds have anything to do with my conveyancing in Penge? Is this really warranted?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to check the identification documents of the potential client they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you are required to sign should reaffirm this. Your lender will also require certain documents to be viewed. If you refuse to provide identification documents, your lawyer can not take you on as a client.
My brother-in-law has suggested I instruct a conveyancing solicitor in Penge. I need to find out whether they are on the Nottingham Building Society conveyancing panel. Could you assist?
The first thing to do is phone the conveyancer and ask them if they are on the lender panel. Otherwise you should call Nottingham Building Society who may be able to assist.
It has been five months following my purchase conveyancing in Penge completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm purchasing a new build house in Penge with a mortgage from Skipton Building Society. The sellers refused to move on the amount so I negotiated 6k of fixtures and fittings instead. The property agent advised me not disclose to my conveyancer about this side-deal as it may jeopardize my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
We're novice buyers - had an offer accepted, yet the agent advised that the vendor will only go ahead if we instruct the agent's chosen conveyancers as they want a ‘quick sale’. We would rather use a family conveyancer accustomed to conveyancing in Penge
It is improbable the owners are behind this. If they desire ‘a quick sale', alienating a motivated purchaser is counter productive. Contact the vendors directly and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you intend to appoint your own,trusted Penge conveyancing firm - rather thanthose that will give the negotiator at the agency a introducer fee or meet his conveyancing figures set by head office.
I only have Seventy years unexpired on my lease in Penge. I need to extend my lease but my landlord is missing. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to demonstrate that you have done all that could be expected to locate the landlord. On the whole an enquiry agent may be useful to carry out a search and to produce an expert document to be used as evidence that the landlord can not be located. It is wise to seek advice from a property lawyer both on investigating the landlord’s absence and the application to the County Court covering Penge.
I am the proprietor of a a ground floor purpose built flat in Penge. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
Most certainly. We are happy to put you in touch with a Penge conveyancing firm who can help.
An example of a Lease Extension decision for a Penge flat 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 affected 4 flats.