We chose a local solicitor for my conveyancing in South London yesterday. Looking through the official terms of business it is apparent thatwe are liable for fees even if the dealdoes not proceed. Should I ditch them and select a web based solicitor practice promoting no-sale-no-fee conveyancing in South London?
It is usually a trade off in that if "No Completion No Fee" is offered then the fee levels will generally be higher to neutralise those conveyances that do not go ahead. Please beware that these schemes rarely protect you from outlay for instance South London conveyancing search charges.
Is it correct that all South London CQS (Conveyancing Quality Scheme) solicitors are on the Aldermore conveyancing panel?
It is true that some banks and building societies now use CQS as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to join their approved list of conveyancing solicitors.
When it comes to lenders such as Leeds Building Society, do South London conveyancing practitioners face an annual charge to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
My sealed bid on a detached house in South London has been accepted, but there is a chain. The owners have offered on on an apartment, however it’s not yet agreed to, and are looking at other apartments in the pipeline. I have instructed a local conveyancing solicitor in South London. What do I do now? When do I get the mortgage application with Virgin Money started?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur expenses too early (mortgage application is approx £1k, then survey, South London conveyancing search charges, etc). The first course of action is to check that your conveyancer is on the Virgin Money approved list. Regarding the next stages this very much depends on the circumstances of your transaction, desire for the property and on the state of the market. During a buoyant market many home buyers will apply for a home loan with Virgin Money and arrange for the valuation and only if it comes back ok would they request their lawyer to proceed with searches.
My wife and I own a semi-detached Edwardian property in South London. Conveyancing solicitor represented me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold with the matching address. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in South London and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with your conveyancing solicitor who conducted the purchase.
I opted to have a survey completed on a property in South London ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some mortgage companies may not grant a mortgage on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Nationwide. If you call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in South London. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in South London to see if the conveyancing costs will increase in light of this.
Is it possible to switch conveyancer as I have to choose a firm on the The Royal Bank of Scotland conveyancing panel. I was using a family conveyancing solicitor in South London round the corner but he is not accepted by The Royal Bank of Scotland
We will our best to assist in finding you a conveyancing solicitor in South London on the The Royal Bank of Scotland panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in South London. Using search facility on this site, you can scrutinise costs for conveyancing solicitors in South London and beyond.
I own a leasehold house in South London. Conveyancing and Godiva Mortgages Ltd mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1992. The conveyancing solicitor in South London who previously acted has now retired. Any advice?
First contact HMLR to be sure that the individual claiming to own the freehold is indeed the new freeholder. You do not need to instruct a South London conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
After years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in South London. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We can put you in touch with a South London conveyancing firm who can help.
An example of a Lease Extension decision for a South London premises is Flat B 10 Grove Avenue in October 2013. Following a vesting order Clerkenwell and Shoreditch County Court 3rd July 2013 The tribunal determines that the premium payable for the lease extension was £36,215.00 This case related to 1 flat. The unexpired lease term was 65.21 years.