Please help. My Putney solicitor is assuring me that she is duty bound toapply for Putney conveyancing searches resulting from the fact thatthe firm are on the Nat Westapproved lawyer panel. Is my lawyer correct?
You have limited options available to you. Given that you are taking out a loan with a mortgage company your solicitor has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your property lawyer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook requirements . Even if you were a cash buyer you would be ill advised not to carry out Putney conveyancing searches.
It is a dozen years since I purchased my home in Putney. Conveyancing lawyers have recently been retained on the sale but I can't track down the title documents. Will this cause complications?
Don’t worry too much. Firstly there is a chance that the deeds will be retained by the lender or they could be in the possession of the conveyancers who handled the purchase. Secondly in all probability the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Almost all conveyancing in Putney involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
I used Stirling Law several years ago for my conveyancing in Putney. I now require my papers but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Putney of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I decided to have a survey done on a property in Putney ahead of instructing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies may not issue a mortgage on this type of home.
It depends who your proposed lender is. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Putney. Conveyancing may be slightly more expensive based on your lender's requirements.
How do I use the search facility to select a conveyancing practitioner in Putney on the panel for my bank?
1st choose a bank such as Halifax, Chelsea Building Society or Platform Home Loans Ltd then type in your preferred area such as Putney. Conveyancing practices in Putney and across England and Wales should be shown.
I am looking at a two flats in Putney which have approximately forty five years remaining on the leases. should I be concerned?
A lease is a right to use the property for a period of time. As a lease shortens the value of the lease decreases and results in it becoming more expensive to extend the lease. For this reason it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We advise that you seek professional help from a conveyancer and surveyor with experience in this area.
After months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Putney. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We can put you in touch with a Putney conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Putney flat is 19 St. Margarets Crescent in August 2010. the tribunal was of the view that the premium to be paid by the leaseholder for the freehold reversion was £51,983.00 This case affected 3 flats. The unexpired residue of the current lease was 66.25 years.