As someone not used to the Penge conveyancing process what is the number one tip you can impart for the ownership transfer in Penge
You may not hear this from too many lawyers but conveyancing in Penge or throughout South East London is often a confrontational experience. In other words, when it comes to conveyancing there exists an abundance of opportunity for conflict between you and other parties involved in the transaction. For instance, the seller, property agent and even potentially the mortgage company. Appointing a solicitor for your conveyancing in Penge should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose responsibility is to protect your legal interests and to protect you.
Every so often a third party with a vested interest will try and convince you that it is in your interests to do things their way. As an example, the property agent may claim to be assisting by claiming that your solicitor is slow. Or your financial adviser may advise you to do something that is against your conveyancers guidance. You should always trust your lawyer above all other parties in the home moving process.
A relative advised me that where I am purchasing in Penge I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Penge conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Penge around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Penge Education with plans and statistics, Local Amenities and other useful data regarding Penge.
I am buying a new build house in Penge benefiting from help to buy. The developers refused to move on the price so I negotiated five thousand pounds worth of extras instead. The sale representative suggested that I not inform my conveyancer about the side-deal as it will affect my loan with Bank of Scotland. Do I keep my lawyer in the dark?.
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 leasehold apartment up to £245,000 and found one near me in Penge I like with a park and station in the vicinity, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Penge for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a mortgage that many years may be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
I need to instruct a conveyancing lawyer in Penge for my remortgage. Is it possible to review a solicitor's complaints history with the legal regulator?
One may search for presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. For details Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The regulator may recorded call for training reasons.
Why do I have to provide my conveyancer with numerous items of identification before they can commence with my conveyancing in Penge?
Penge property lawyers are duty bound by the Law Society, SRA, HMLR and current AML Regulations to certify that the have checked the identity of their clients. It is also sometimes a requirement of your mortgage offer. In addition they have to complete various forms, particularly those relating to stamp duty land tax and need to have information such as your full names, NI number and date of birth.