I am buying residence in South West London. My property lawyer is not on the bank approved panel. Is it possible for me to appoint my South West London conveyancing solicitor notwithstanding that they are excluded from the bank panel?
One will need to instruct a conveyancing practitioner to complete the formalities if you require a loan to purchase your home. The lawyer will carry out all the necessary legal checks on the property, ensuring that you’re registered as proprietor and ensure that all the necessary mortgage documentation is in order. One can instruct a South West London conveyancer of your choice. However, where the conveyancing practitioner appointed is not on the lender approved list further charges will be incurred as separate legal representation will be required by them. Bank panel applications may be submitted, so if your solicitor has not previously sought membership they should take the chance to apply.
I sincerely hope you can assist me. My South West London conveyancer is assuring me that he has toorder South West London conveyancing searches becausethe firm are on the HSBCapproved lawyer panel. These South West London checks cost a lot of money can this be avoided?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a mortgage company your conveyancer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancing practitioner would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the CML Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out South West London conveyancing searches.
Do commercial conveyancing searches reveal impending roadworks that may impact a commercial property in South West London?
Its becoming the norm that commercial conveyancing solicitors in South West London will conduct a SiteSolutions Highways report as it reduces the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in South West London. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in South West London.
For every commercial conveyancing transaction in South West London it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to South West London commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in South West London.
My husband and I are novice buyers - had an offer accepted, yet the selling agent told us that the owners will only proceed if we instruct their recommended lawyers as they need a ‘quick sale’. Our preferred option is to instruct a high street conveyancer who is accustomed to conveyancing in South West London
We suspect that the seller is unaware of this demand. Should the owner desire ‘a quick sale', alienating a motivated buyer is counter productive. Contact the owners directly and make the point that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are chain free (d) you wish to move quickly (e)however you will continue to appoint your own,trusted South West London conveyancing solicitors - as opposed tothe ones that will earn the negotiator at the agency a kickback or meet his conveyancing targets demanded by head office.
Can you offer any advice when it comes to finding a South West London conveyancing practice to deal with our lease extension?
If you are instructing a solicitor for lease extension works (regardless if they are a South West London conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with two or three firms including non South West London conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:
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How experienced is the firm with lease extension legislation? Can they put you in touch with clients in South West London who can give a testimonial?
Having spent years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in South West London. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to make a decision on the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a South West London premises is 78 & 80 Newport Road in January 2013. the Tribunal concluded that the premium to be paid by the leaseholder in respect of the freehold reversion is £23,105 This case related to 2 flats. The remaining number of years on the lease was 71.63 years.
We are in the middle of buying a house in South West London. Conveyancing lawyer has phoned to say the title is "Leasehold". Does this adversely affect the salability of the property?
South West London conveyancing does not ordinarily involve leasehold houses. The main factor here is the length of lease and the ground rent. If there are hundred of years years remaining with a peppercorn rent, it's virtually freehold, so it shouldn't impact the value too much.
At the other extreme, if it's, say, Sixty years it is bound to have a significant effect on the saleability, and probably wouldn't be acceptable to the mortgage company. The length of lease and ground rent will be specified in the lease which should be made available to your lawyer.