My financial adviser has requested my South Croydon law firm’s panel member for the Nationwide conveyancing panel. What is the best way to find this out. I have called my local South Croydon office but they cant find it on their system.
Have you tried contacting your South Croydon solicitor about this?. Most South Croydon conveyancing practices will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each mortgage company.
I am buying a property and require a conveyancing solicitor in South Croydon who is on the Godiva Mortgages Ltd solicitor. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Godiva Mortgages Ltd in certain locations such as South Croydon. We dont recommend any particular firm.
Various internet forums that I have frequented warn that are a common reason for stalling in South Croydon conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in South Croydon.
Are there restrictive covenants that are commonly identified as part of conveyancing in South Croydon?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in South Croydon. 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…’
How does conveyancing in South Croydon differ for newly converted properties?
Most buyers of new build residence in South Croydon come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is constructed. This is because new home sellers in South Croydon typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in South Croydon or who has acted in the same development.
I am employed by a busy estate agency in South Croydon where we see a number of leasehold sales put at risk due to short leases. I have received inconsistent advice from local South Croydon conveyancing firms. Could you shed some light as to whether the vendor of a flat can instigate the lease extension process for the buyer?
Provided that the seller has owned the lease 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 sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible 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 purchaser.
We have reached the end of our tether in negotiating a lease extension in South Croydon. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We are happy to put you in touch with a South Croydon conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a South Croydon residence is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case related to 6 flats. The remaining number of years on the lease was 78.32 years.