It is 10 years ago since I acquired my home in Southwark. Conveyancing solicitors have now been instructed on the sale but I can't locate my title documents. Is this a problem?
Don’t worry too much. First there is a chance that the deeds will be kept by the mortgage company or they may be in the possession of the conveyancers who oversaw the purchase. Secondly in most cases the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers procuring up to date copy of the land registers. Nearly all conveyancing in Southwark involves registered property but in the unlikely event that your property is unregistered it is more of a problem but is not insurmountable.
My grandfather passed away 10 months ago and as sole heir and executor I was left the property in Southwark. The house had a relatively small loan left on it of around £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Yorkshire BS, pay off the mortgage. Is this allowed?
If you intend to refinance then Yorkshire BS will require that you use a conveyancer on the Yorkshire BS conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Yorkshire BS conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Yorkshire BS mortgage is registered as a charge at the Land Registry.
We are buying a house in Southwark. I might seem paranoid but how we can trust a lawyer? On completion day we will need to put funds into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Southwark conveyancer on the Nottingham panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
About to purchase flat in Southwark. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Leeds Building Society 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 Southwark conveyancing practitioner is on the Leeds Building Society conveyancing panel.
Various online forums that I have frequented warn that are the main reason for obstruction in Southwark conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of delays during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Southwark.
Is it possible to swap solicitor as I have to find one who is on the Alliance & Leicester conveyancing panel. I hired a high street conveyancing solicitor in Southwark round the corner but he is not approved by Alliance & Leicester
We will our best to assist in finding you a conveyancing solicitor in Southwark on the Alliance & Leicester panel. Please note that the property lawyers that we on the directory do not pay us a referral fee if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Southwark. Using the find a conveyancing solicitor tool on this page, you can contrast fees for conveyancing solicitors in Southwark and throughout England and Wales.
Due to exchange soon on a basement flat in Southwark. Conveyancing lawyers have said that they will have a report out to me on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Southwark should include some of the following:
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The physical ownership of the demise. This might be the flat itself but might include a loft or basement if applicable. Defining your legal entitlements in respect of the communal areas in the block.E.G., does the lease include a right of way over an accessway or staircase? What options are available to the landlord where you breach a clause of your lease? Whether the lease restricts you from renting out the property, or working from home
I own a a ground floor purpose built flat in Southwark. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
Most definitely. We can put you in touch with a Southwark conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Southwark flat 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 related to 41 flats. The unexpired term was 107 years.