My financial adviser has asked me for my Sydenham Hill solicitor’s panel reference for the HSBC conveyancing panel. How do I obtain this. I have tried my local Sydenham Hill office but they cant find it on their system.
Have you tried calling your Sydenham Hill solicitor about this?. They maintain a central record lender panel numbers.
What is the optimum way to discover of the solicitor handling my conveyancing in Sydenham Hill is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for The Mortgage Works thus spending £175.00 in another set of legal bill.
You should make use of the find a conveyancing panel solicitor tool on this page. Please choose the lender and type ‘Sydenham Hill’ or your location and you will see numerous conveyancers located in Sydenham Hill or near you.
How does conveyancing in Sydenham Hill differ for newly converted properties?
Most buyers of new build or newly converted property in Sydenham Hill contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is completed. This is because new home sellers in Sydenham Hill usually buy the site, 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 property lawyers 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 Sydenham Hill or who has acted in the same development.
I am looking for a ground for flat up to £235,500 and identified one round the corner in Sydenham Hill I like with open areas and railway links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Sydenham Hill suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the shortness of the lease may be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this.
I’m about to sell my 2 bed flat in Sydenham Hill. Conveyancing solicitors are to be appointed soon, however I have just had a quarterly service charge demand – should I leave it to the buyer to sort out?
It best that you pay the service charge as usual as all ground rent and service payments will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I own a ground flat in Sydenham Hill. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium payable for a lease extension?
You certainly can. We are happy to put you in touch with a Sydenham Hill conveyancing firm who can help.
An example of a Lease Extension case for a Sydenham Hill property is Flat 1 4 Border Crescent in March 2012. the Tribunal decided that the sum payable by the Applicants to the Respondent in respect of the new lease for the subject property should be £11,616.00 (ElevenThousand and Six Hundred and Sixteen Pounds) This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 72.04 years.
My husband and I are buying a ground floor flat in Sydenham Hill. When we first instructed property lawyer, they said that they were on all mainstream mortgage company panels. Our financial adviser emailed just now to advise that they don't appear to be on the Santander approved list. If it turns out to be true, what should we do? Do we just find a new property lawyer that is on their approved list or should we cover the costs for separate representation, with Santander selecting their own approved conveyancing practitioner.
If you are acquiring a property needing a mortgage it is normal for the buyer’s lawyers to also represent the purchaser's lender. In order to act for a bank or building society a lawyer has to be on that lender's conveyancing panel. An application has to be made by the lawyer to the lender to become a member of the lender's panel and there are increasingly strict conditions which the lawyer has to meet. Some banks now require their panel firms to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancer should call Santander and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You are not legally obliged to appoint a law firm on Santander's conveyancing panel and you may continue to use your own Sydenham Hill solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you are adding another lawyer into the mix.