Am I correct in assuming that the fact that my conveyancer in Southwark is not identified on my bank's solicitor panel that there is a problem with the quality of his work?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Southwark conveyancing firm and ask them why they are no longer on the approved list for your lender.
I had intended to instruct a property lawyer in Southwark for our house move. Our broker has since advised us that our bank Bank of Scotland won't deal with them. Surely this is unfair competition?
A mortgage company can require a panel conveyancer act for it. Borrowers are liable to bear the charges for this. Try using our directory service to locate a solicitor to carry conveyancing in Southwark on the Bank of Scotland approved list of solicitors.
I have todaydiscovered that Action Conveyancing have been shut down. They conducted my conveyancing in Southwark for a purchase of a freehold house 12 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Southwark conveyancing specialists.
How does conveyancing in Southwark differ for new build properties?
Most buyers of new build or newly converted property in Southwark contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is completed. This is because developers in Southwark typically acquire the land, 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 conveyancers 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 used to new build conveyancing in Southwark or who has acted in the same development.
I opted to have a survey completed on a house in Southwark prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies may not grant a mortgage on such a property.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Southwark. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Southwark to see if the conveyancing will be more expensive.
All being well we will complete the sale of our £400,000 garden flat in Southwark in 10 days. The freeholder has quoted £372 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Southwark?
Southwark conveyancing on leasehold flats nine out of ten times necessitates administration charges invoiced by landlords agents :
-
Addressing pre-contract enquiries
Where consent is required before sale in Southwark
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Southwark conveyancing firm to represent me?
You certainly can. We are happy to put you in touch with a Southwark conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Southwark property is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The number of years remaining on the existing lease(s) was 107 years.