Recently been in touch with my conveyancing lawyer in South Croydon who completed the legal work two years ago and wanted a conveyancing estimate based on the same type of home move (a leasehold residence and a freehold premises) of similar values with a home loan from Clydesdale. It looks as though am now being quoted double. Should I look for an alternative property lawyer?
The estimate does seem a little steep. If you you were to look around you might get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, if you were pleased with the legal work the firm provided you maycome to rue choosing an a cheaper conveyancer. Don't forget to enquire that the firm can represent Clydesdale. You can utilise our search tool to choose a South Croydon conveyancing firm on the Clydesdale conveyancing panel, which can often include conveyancing solicitors in South Croydon.
Would the conveyancing lawyers that you recommend handle auction conveyancing in South Croydon?
There are a number of niche solicitors we can put you in touch with those specialising in auction conveyancing. South Croydon is one of our areas of in which our lawyers cover.
I happen to be the sole beneficiary of my late mum's estate and I have everything in my name alone, including the house in South Croydon. The South Croydon property was put into my name in October. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', which means that my property ownership could be treated the same way as if I'd bought the house in October. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. How practical a view lenders take of it, depend on the lender as this obligation primarily exists to capture the purchase and immediately sell or the quick reselling of property.
Does a directory service exist listing Skipton panel solicitors in South Croydon on the Building Society Association’s Website?
No. There is no such facility on the CML or Building Society Association sites. Very few lending institutions make their panel listings available online. Where you are looking for a South Croydon lawyer on the Skipton please make the most of our facility.
About to purchase apartment in South Croydon. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the South Croydon conveyancer is on the Aldermore conveyancing panel.
The estate agent has sent us the confirmation of our purchase of a new build flat in South Croydon. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in South Croydon
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan.
Do you have any advice for leasehold conveyancing in South Croydon from the point of view of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in South Croydon can be avoided if you appoint lawyers as soon as your agents start advertising the property and ask them to put together the leasehold documentation which will be required by the purchasers’ conveyancers. If you have the benefit of shareholding in the freehold, you should make sure that you hold the original share certificate. Organising a replacement share certificate can be a lengthy formality and delays many a South Croydon conveyancing transaction. Where a new share certificate is required, you should approach the company officers or managing agents (if relevant) for this sooner rather than later. If there is a history of any disputes with your landlord or managing agents it is very important that these are resolved prior to the flat being put on the market. The purchasers and their solicitors will be reluctant to purchase a property where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to present the dispute as over rather than ongoing. A minority of South Croydon leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the yearly 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 actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors. You believe that you know the number of years remaining on your lease but it would be advisable double-check via your lawyers. A buyer’s conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is below 80 years. It is therefore important at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale.
I am the proprietor of a ground floor flat in South Croydon. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?
in cases where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the amount due.
An example of a Freehold Enfranchisement matter before the tribunal for a South Croydon property is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case affected 6 flats. The unexpired residue of the current lease was 78.32 years.
My wife and I are disposing of a South Croydon flat we inherited 5 years ago in 2009. I have over a decades worth of conveyancing experience and, now retired, wish to undertake my own conveyancing. The buyer's conveyancer has informed me that their mortgage company will not allow us to do our own conveyancing mandating that the funds to be sent to a solicitor's bank account.
Lending instructions to property lawyers from all mainstream lenders state that If the vendor does not have legal representation the buyer’s lawyers should check whether the bank needs to be informed so that a decision can be made if they are prepared to move forward.