I am selling my maisonette in Rotherhithe and the EA has just text me to warn that the buyers are changing their solicitor. The reason given is that the mortgage company will only engage with property lawyers on their conveyancing panel. On what basis would a major lender only deal with specific law firms rather the firm that they want to select to handle their conveyancing in Rotherhithe ?
Lenders have always had panels of law firms they are willing to work with, but in the past few years big names such as HSBC, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 25 years.
Banks justify this action to a rise in fraud as the reason for the pruning – criteria have been narrowed as a smaller panel is easier to oversee. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are not going to have any impact on this.
Do the conveyancing lawyers identified through your search app handle right to buy conveyancing in Rotherhithe?
We work with a number of conveyancing conveyancers who can handle right to buy conveyancing Please contact us in order to get a costs calculation.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Rotherhithe?
There are many recorded licenced Conveyancers in Rotherhithe and Solicitor firms in Rotherhithe offering conveyancing It is important to make clear that both are regulated professionals specialising in the legal aspects of transferring property. The two can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I am buying a 3 bedroom semi in Rotherhithe. Our aim is to carry out a loft conversion at the house.Will the conveyancing process involve investigations to ascertain if these works are allowed?
Your solicitor will check the registered title as conveyancing in Rotherhithe can sometimes reveal restrictions in the title documents which prohibit categories of alterations or need the consent of a 3rd party. Many additions need local authority planning consent and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
Are all Rotherhithe Conveyancing Quality Solicitors on the Santander conveyancing list of approved solicitors?
A selection of banks and building societies now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitor practices wishing to remain on their approved list of firms.
Are there restrictive covenants that are commonly identified during conveyancing in Rotherhithe?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Rotherhithe. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have just started marketing my basement apartment in Rotherhithe. Conveyancing lawyers have not yet been instructed, however I have recently had a yearly maintenance charge demand – Do I pay up?
The sensible thing to do is clear the maintenance contribution as you normally would as all ground rent and service invoices will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I have given up negotiating a lease extension in Rotherhithe. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the LVT to assess the price payable.
An example of a Freehold Enfranchisement decision for a Rotherhithe residence is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case was in relation to 3 flats. The unexpired term as at the valuation date was 101.61 years.
Do I need to have a meeting at the offices of the mortgage company conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Rotherhithe so that I can pop in to their offices if required.
Whereas this was necessary 15 years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Rotherhithe.