Me and my fiance are buying a 2 bedroom apartment in West Norwood with a mortgage. We have a West Norwood solicitor, but the mortgage company advise she’s not on their "panel". We have to appoint one of the lender panel conveyancing practices or keep our West Norwood conveyancer as well as pay for one of their panel firms to represent them. We consider that this is inequitable; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your West Norwood conveyancing solicitor to apply to be on the conveyancing panel.
Due to complete my purchase in West Norwood next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?
All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These obligations are not specific to conveyancing in West Norwood.
Despite weeks of looking the Title Certificate and documents to my house are lost. The lawyers who conducted the conveyancing in West Norwood 10 years ago are no longer around. Will I be able to sell the house?
Nowadays there are copies made of almost everything, and your lawyer will know exactly where to find all the relevant paperwork so you may purchase or sell your property without any difficulty. If duplicates can’t be located, your solicitor may be able to put in place insurance or indemnities protecting you against possible claims on the property.
The estate agent has sent us the confirmation of our purchase of a new build apartment in West Norwood. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in West Norwood
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
We are 17 days into a leasehold purchase having been directed to a firm by the selling agent to perform conveyancing in West Norwood. I am am starting to be disappointed with the quality of service. Could you help me find new solicitors?
They would need to be very bad in order to consider changing them. Has the mortgage offer been issued? In the event that it has you must make them aware of the new solicitor and ensure the offer are re-sent. Your new conveyancer needs to be on the lenders approved list to avoid added expenses and delays. So that should be your starting point. Our find a solicitor tool will assist you in finding a lender approved conveyancer for your conveyancing in West Norwood
My wife and I have today had an offer accepted on our first house in West Norwood, and need to get solicitors appointed. We have used the different comparison tools and the results are from all over the England and Wales. Is it critical to have a West Norwood conveyancing practitioner local to your prospective new home? We are happy to do all the communicating over the internet, but I guess at some point we will need to visit the property lawyer's office to sign contracts?
The lawyer does not have to be in West Norwood, but opting for local means that you have the option to visit their offices if needed, for instance, if a signature is immediately necessary. Furthermore, a West Norwood solicitor is likely to be familiar with local agents and (if the vendor has chosen a local lawyer) with them, which should help keep things moving faster.