I was advised yesterday by my IFA that my Roehampton the law firm I have appointed is not on the bank Conveyancing panel. What can I do to be sure if this is correct?
You need to contact your Roehampton lawyer directly. It is reasonable to expect your lawyer to notify you what has happened. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your mortgage company.
The housing market in Roehampton is heating up. What can I do to speed up matters?
Where the seller is applying time constraints to exchange it is highly recommended that your conveyancer is familiar with the area as they will have local contacts and intelligence. It is even conceivable that they could have transacted otherhouses in the same neighbourhood. Therefore consider using a Roehampton conveyancing lawyer. In addition, ensure that the conveyancing firm is on the member panel. It is understood that just under twenty per cent of Roehampton conveyancing transactions are frustrated or derailed after discovering a buyer’s lawyer was not on their banks list of approved solicitors. This can often result in the legal transfer of property being frustrated by as much as three weeks. It is claimed that this issue impacts approximately one hundred thousand home sales every year. Most Roehampton conveyancing firms can not represent certain lenders so do check as early as possible.
Completed the sale of my flat in Roehampton last January yet the purchaser is texting daily to moan that their solicitor needs to hear from mine. What should have happened following completion?
Following your sale your solicitor should deliver the transfer deeds and all supplemental paperwork to the buyer’s solicitors. Where relevant, your conveyancer must also evidence that the mortgage has been repaid to the purchasers conveyancers. There is unlikely to be post completion steps specific conveyancing in Roehampton.
I have been told that property searches are a common cause of obstruction in Roehampton house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Roehampton.
I have justdiscovered that Wolstenholmes have closed. They conducted my conveyancing in Roehampton for a purchase of a leasehold flat 18 months ago. How can I establish that the property is registered correctly in the name of the previous owner?
The easiest method to check if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Roehampton conveyancing specialists.
I am tempted by the attractive purchase price for a couple of apartments in Roehampton which have in the region of fifty years left on the leases. Do I need to be concerned?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease shortens the marketability of the lease reduces and it becomes more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this area.
I am the proprietor of a ground flat in Roehampton. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the premium due for a lease extension?
Absolutely. We are happy to put you in touch with a Roehampton conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Roehampton residence 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 was in relation to 3 flats. The unexpired lease term was 66.25 years.