When it comes to mortgage companies such as Virgin Money, do West Wickham conveyancers incur a yearly amount to be on the conveyancing panel?
We are unaware of any bank fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I had a mortgage agreed in principle with Barclays. West Wickham conveyancing lawyers have been chosen. How long does it take for Barclays to forward the offer to the lawyer?
Some lenders take longer than others. Have Barclays done the survey? Have you informed Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I am purchasing a property in West Wickham. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Co-operative be concerned?
Given that you are obtaining a mortgage with Co-operative your lawyer must follow the conveyancing requirements contained in Section two of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Co-operative where a lease does not satisfy these specifications. The conditions relate to the installation of panels on properties nationwide and is not restricted to West Wickham.
How does conveyancing in West Wickham differ for new build properties?
Most buyers of new build property in West Wickham approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in West Wickham tend to acquire the land, 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 West Wickham or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. West Wickham is where the house is located. Can you offer any guidance?
Flying freeholds in West Wickham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside West Wickham you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Wickham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm refinancing my existing home to a BTL loan with Lloyds TSB Bank and intend to use the remaining equity towards another house. The area we are talking about is West Wickham. Will your solicitors be able to act for both sets of mortgage companies and tie in the transactions?
Make use of our comparison tool on this site to be sure that the solicitors are approved by both lenders. Assuming that they are your conveyancer should be able to tie up the two deals but you should talk with you solicitor and communicate your expectations and requirements.
I need to retain a conveyancing solicitor for purchase conveyancing in West Wickham. I've land on a web site which appears to be the perfect offering If it is possible to get all the legals completed via email that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I’m about to sell my ground floor flat in West Wickham. Conveyancing solicitors are to be appointed soon, but I have recently received a yearly service charge invoice – should I leave it to the buyer to sort out?
It best that you clear the invoice as usual given that all ground rent and maintenance invoices will be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies 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 have tried to negotiate informally with with my landlord to extend my lease without success. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a West Wickham conveyancing firm to assist?
Where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to arrive at the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a West Wickham flat is 26 Manor Road in July 2010. the Tribunal decided that price to be paid for the freehold was £12,420 This case was in relation to 2 flats. The unexpired lease term was 76.75 and 88.83.