My partner and I are buying a newly constructed apartment in Sydenham and my lawyer is telling me that she has to the lender to disclose incentives from the developer. I am nearing the developer’s deadline to exchange contracts and my preference is not to delay deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Why do I have to pay up front for conveyancing in Sydenham?
If you are buying a property in Sydenham your lawyer will ask you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the purchase price then this should be asked for shortly prior to exchange of contracts. Any further balance that is due will be payable a couple of days prior to the day of completion.
Please explain the implications if my lawyer’s firm is suspended from the Yorkshire BS Conveyancing panel ahead of completing my conveyancing in Sydenham?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Despite weeks of looking the Title Certificate and documents to my property can not be found. The conveyancers who dealt with the conveyancing in Sydenham 4 years ago are no longer around. What are my next steps?
Gone are the days when you need to have the physical original deeds to prove you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.
In what way can the Landlord & Tenant Act 1954 affect my commercial premises in Sydenham and how can you help?
The 1954 Act gives a safeguard to business lessees, giving them the dueness to make a request to court for a continuation of occupancy at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Sydenham
My father-in-law has recommend that I instruct his conveyancing solicitors in Sydenham. Should I use them?
Much as we are happy to recommend a Sydenham conveyancing lawyer the ideal way to find a conveyancing lawyer is to have guidance from friends or family who have used the solicitor that you are considering.