My partner and I are nearing an exchange on a property in Plumstead and my parents have sent the exchange deposit to my solicitor. I am now told that as the deposit has not come from me my solicitor needs to make a notification to my bank. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender concerning my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The conveyancing practitioner is legally required to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
We just had an offer accepted to purchase with Melton Mowbray Building Society. I dropped in a few high street practices yet am unable to find a Plumstead conveyancing firm on the Melton Mowbray Building Society approved list. Please you assist?
Feel free to take advantage of the find a conveyancing panel solicitor tool on this page. Please choose the building society and type Plumstead or your preferred area and you will be presented with a number of lawyer offices in Plumstead or by proximity to you.
I decided to have a survey done on a house in Plumstead in advance of appointing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some banks tend not issue a mortgage on this type of house.
It varies from the lender to lender. Santander has different requirements from Nationwide. If you call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Plumstead. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Plumstead to see if the conveyancing will be more expensive.
My partner has recommend that I instruct his lawyers for conveyancing in Plumstead. Should I choose my own conveyancer?
Much as we are happy to recommend a Plumstead conveyancing lawyer it’s preferable to choose a conveyancing practitioner is to get feedback from friends or relatives who have experience in using the firm you're considering.
Having checked my lease I have discovered that there are only 62 years left on my lease in Plumstead. I am keen to extend my lease but my freeholder is missing. What should I do?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to locate the landlord. For most situations a specialist would be helpful to try and locate and prepare an expert document which can be accepted by the court as proof that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on devolving into the landlord’s disappearance and the vesting order request to the County Court covering Plumstead.
Having spent months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Plumstead. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a Plumstead conveyancing firm who can help.
An example of a Lease Extension decision for a Plumstead residence is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case related to 1 flat.
The mortgage broker has recommended their lawyer for my conveyancing in Plumstead - won’t it be easier to just instruct them?
It is not always the case and you are entitled to use whichever conveyancer of your choosing for your Plumstead conveyancing. The lawyer recommended by an estate agent may not necessarily be the right lawyer, they may suggest their own conveyancing firm who are based far away. In this instance you may not have contact with your lawyer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.