My husband and I intend to purchase a purpose built flat in South Oxhey with a homeloan from Leeds Building Society.We would like to retain our South Oxhey conveyancing practitioner but Leeds Building Society advised that his firm is not listed on their "panel". We have to appoint a Leeds Building Society panel firm or retain our local solicitor and fork out for one of their panel ones to represent them. This seems very unfair; Can we not simply insist that Leeds Building Society use our lawyer?
Unfortunately,no. The loan offered to you is subject to its terms and conditions, one of which will be that conveyancers will be on the Leeds Building Society conveyancing panel. in the past, most banks had large numbers of solicitors on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for Leeds Building Society
Does a directory service exist listing Nationwide panel solicitors in South Oxhey on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the CML or Building Society Association sites. A small selection of lending institutions make their panel listings viewable on the web. Where you are looking for a South Oxhey lawyer on the Nationwide please use our facility.
We have agreed to purchase a house in South Oxhey. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender TSB be concerned?
Given that your lender is TSB your lawyer must follow the conveyancing requirements set out in Part two of UK Finance Lenders’ Handbook for TSB. The CML Handbook sets out minimum provisions for solar panel roof-space leases, and lawyers are required to report to TSB where a lease does not comply with these requirements. The provisions relate to the installation of panels on properties nationwide and is not restricted to South Oxhey.
My wife and I are in the process of looking at apartments in South Oxhey and I am now considering a potential offer. Should I already have a conveyancer in place at this point? I am planning to take a home loan with TSB.
It would be wise to commence your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are taking out a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.
Due to the advice of my in-laws I had a survey completed on a property in South Oxhey in advance of instructing conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some lenders tend not give a loan on this type of premises.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in South Oxhey. Conveyancing will be smoother if you use a solicitor in South Oxhey especially if they regularly deal with such properties in South Oxhey.
How do I identify a South Oxhey solicitor on the Lloyds TSB Bank conveyancing panel? I drive a motor bike and am willing to travel upto 10miles to meet the lawyer.
You can use the facility on this page. Please select a lender and your location and you will see a number of South Oxhey conveyancing lawyers locally. We have detailed some South Oxhey conveyancing firms at the bottom of this page and you can ring them to check whether they are on the Lloyds TSB Bank approved list
Having checked my lease I have discovered that there are only Seventy years left on my flat in South Oxhey. I am keen to get lease extension but my freeholder is absent. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to find the landlord. In some cases an enquiry agent would be helpful to conduct investigations and to produce an expert document which can be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s disappearance and the vesting order request to the County Court overseeing South Oxhey.
Having spent months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in South Oxhey. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We can put you in touch with a South Oxhey conveyancing firm who can help.
An example of a Lease Extension decision for a South Oxhey residence is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case affected 3 flats. The number of years remaining on the existing lease(s) was 71 years.
Our mortgage broker has suggested using their conveyancing practitioner for the conveyancing in South Oxhey - Is it not simpler advisable to just instruct them?
It is not always the case and you are entitled to opt for whichever property lawyer you decide for your South Oxhey home move. A lawyer recommended by a 3rd party adviser may not always be the right conveyancing practitioner, they may suggest their own conveyancing firm who are based far away. In this instance you may not have contact with your conveyancer and due to the lack of continuity in the transaction, it may be difficult to obtain progress reports.