My husband and I are acquiring a newly constructed duplex in Putney Heath and my conveyancer is advising me that she is duty bound to the mortgage company to reveal incentives from the developer. I am under pressure to exchange contracts and I have no desire to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Can I use your services to locate a Conveyancing solicitor in Putney Heath even where I’m not buying or selling a house, for instance if I want to acquire a shop in Putney Heath with a loan from National Westminster Bank?
Our search tool is mainly used to get a quote from domestic conveyancing solicitors in Putney Heath but we have listed towards the end of this page some Putney Heath commercial conveyancing firms. You should enquire with the firm directly to check if they can also act for National Westminster Bank
My husband and I are purchasing a 2 bedroom apartment in Putney Heath with a residential mortgage from Birmingham Midshires.We would like to retain our Putney Heath conveyancing practitioner but Birmingham Midshires advised that he's not listed on their approved list of firms. We have to appoint a Birmingham Midshires panel firm or keep our preferred solicitor and pay for a Birmingham Midshires panel lawyer to represent them. This seems very unfair; Can we not simply insist that Birmingham Midshires use our lawyer?
No, not really. The home loan issued to you contains various provisions, a common one being that lawyers will be on the Birmingham Midshires solicitor panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Birmingham Midshires
I am downsizing from my property. My former solicitors has retired. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Putney Heath if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Putney Heath. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I am employed by a long established estate agent office in Putney Heath where we have witnessed a few flat sales derailed due to leases having less than 80 years remaining. I have received inconsistent advice from local Putney Heath conveyancing solicitors. Could you shed some light as to whether the seller of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I have had difficulty in negotiating a lease extension in Putney Heath. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a absentee landlord or where there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to determine the premium.
An example of a Freehold Enfranchisement case for a Putney Heath premises 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 related to 3 flats. The number of years remaining on the existing lease(s) was 66.25 years.
I am purchasing a house and cash is in place. I have provided conveyancer with two separate evidence of photographic identification, bank statement, endless utility bills. Now he requires a copy from a probate lawyer stating that the funds are in order and that it has come from inheritance and not via illegitimate means.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Putney Heath conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.