Do the Building Society Association intend to launch a search tool with a view to list law firms on the Coventry BS conveyancing panel for example in Walworth?
We would not expect to be advised of any intention on the part of the BSA to develop such a search facility.
I moved into my flat on 7 March and the transaction details are still not registered. Need I be worried? My conveyancing solicitor in Walworth said it should be registered inside ten days. Are titles in Walworth particularly slow to register?
As far as conveyancing in Walworth is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timescales can vary depending on the party submitting the application, whether it is in order and if the Land registry must send notices to any interested parties. At present approximately 80% of submission are fully dealt with in less than three weeks but occasionally there can be extensive hold-ups. Registration is effected once the buyer is living at the property thus post completion formalities is not usually top priority but if it is urgent that the the registration takes place urgently then you or your conveyancer can communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Walworth differ for new build properties?
Most buyers of new build premises in Walworth come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because builders in Walworth usually buy the real estate, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Walworth or who has acted in the same development.
I have been advised by numerous property agents in Walworth to locate a conveyancer on your site. What’s the financial inducement for Estate Agents to recommend your services over and above alternative conveyancing organisations?
We refuse to offer any commission for directing people in our direction. We thought it would be too underhand a fee as home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
What advice can you give us when it comes to choosing a Walworth conveyancing practice to carry out our lease extension conveyancing?
When appointing a solicitor for your lease extension (regardless if they are a Walworth conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with several firms including non Walworth conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be useful:
-
How many lease extensions have they conducted in Walworth in the last year? How familiar is the practice with lease extension legislation?
Having spent months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Walworth. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Walworth conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Walworth residence is 28 Valmar Road in June 2013. this was a case with an absentee freeholder. As a result the leaseholders applied to the Lambeth County Court for an order dispensing with the giving of a notice of claim. On 25 April 2013 District Judge Zimmels made a vesting order and directed that the matter should be transferred to this tribunal to determine the premium. The tribunal concluded on a figure of £1,125 This case was in relation to 3 flats. The unexpired lease term was 968 years.
My boyfriend is buying a garden flat in Walworth. He has received a fee estimate by the conveyancing practitioner connected to the estate agents totaling £1385 . It was 7 years ago I sold and purchased a house and it cost was £600. Have charges really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for instance Walworth searches, land registry fees, etc)