We are acquiring our first home. Our conveyancer has calledto enquire if we wish to take out supplemental conveyancing searches. As novices we are clueless as to what's necessary for conveyancing in Rotherhithe
The number and type of Rotherhithe conveyancing searches depends entirely on the premises, the location, the possibility of any of these risks, your familiarity of the area and risks, your general attitude to risk. What is important is that you properly appreciate what information the searches could supply. You may then make a decision if you personally think you need that information. Where you are unsure, ask your solicitor to advise.
Do the Building Society Association intend to launch a searchable register to list law firms on the Coventry BS conveyancing panel for example in Rotherhithe?
We have not been informed any intention on the part of the BSA to promote such a search facility.
A colleague informed me that in purchasing a property in Rotherhithe there could be a number of restrictions prohibiting external alterations to a property. Is this right?
There are a number of properties in Rotherhithe which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Rotherhithe should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Rotherhithe bank branch on various occasions and was advised it wasn't an issue and they would lend. My Rotherhithe conveyancing solicitor - who is on the bank conveyancing panel- called to say that they will not lend in accordance with their specific requirements. I have no idea who is right.
Provided that the conveyancing practitioner is on the mortgage company approved list, she or he must comply with the Council of Mortgage Lenders’ Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I was told two weeks ago that my mortgage has been agreed to by Bank of Ireland. Is it usual for Bank of Ireland to only issue the offer once my solicitor in Rotherhithe is approved on their conveyancing panel? Bank of Ireland have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Bank of Ireland to deal with your lawyer's application to be on the Bank of Ireland conveyancing panel. There's no guarantee that your solicitor will be accepted.
Just had an offer accepted on a new build apartment in Rotherhithe. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Rotherhithe
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Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I am looking to sell my house. My previous solicitors closed down. I am in need of a recommendation of a conveyancing firm. Im based in Rotherhithe if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Rotherhithe. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
Can you provide any advice for leasehold conveyancing in Rotherhithe from the point of view of saving time on the sale process?
- Much of the delay in leasehold conveyancing in Rotherhithe can be avoided if you get in touch lawyers the minute your agents start marketing the property and request that they start to put together the leasehold documentation needed by the buyers’ lawyers. The majority of freeholders or managing agents in Rotherhithe levy fees for providing management packs for a leasehold home. You or your lawyers should find out the actual amount of the charges. The management information can be applied for on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of frustration in leasehold conveyancing in Rotherhithe. In the event that you altered the property did you need the Landlord’s approval? In particular have you installed wooden flooring? Rotherhithe leases often stipulate that internal structural changes or laying down wooden flooring necessitate a licence issued by the Landlord acquiescing to such alterations. Where you fail to have the approvals in place do not contact the landlord without contacting your lawyer in advance. Some Rotherhithe leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors.
I own a garden flat in Rotherhithe. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the amount payable for the purchase of the freehold?
You certainly can. We are happy to put you in touch with a Rotherhithe conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Rotherhithe property 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 affected 3 flats. The unexpired term was 101.61 years.