We see that you have a post code search directory identifying solicitors on the Nottingham conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in New Eltham?

We are a listing service only for law firms wishing to communicate if they are on the Nottingham conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in New Eltham.

In looking at consumer advice sites for a cheap solicitor in New Eltham, most post that I should look for a CQS assured lawyer. What is CQS?

New Eltham Conveyancing Quality Scheme solicitors have been granted accreditation under the Law Society's Scheme (CQS) The Law Society established CQS to establish evidence of quality standards in the in the legal transfer of properties. CQS helps home movers to recognise practices who provide a quality residential conveyancing. New Eltham is one of the many areas in England and Wales in which CQS have a presence. The conveyancing scheme obliges law firms to undergo a strict assessment, compulsory training, self-reporting, random audits and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Legal Ombudsman.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in New Eltham?

Two types of professional can perform conveyancing in New Eltham namely CLC regulated conveyancers or solicitors. Both professionals handle conveyancing services that required to complete the disposal or purchase of property. Both are required to carry out New Eltham conveyancing on similar quality and guidelines so you may be safe in the knowledge that your conveyancing will be properly administered and that all requisite steps will be accurately attended to.

is it true that all New Eltham solicitors on the Bank of Ireland conveyancing panel are governed by the Solicitors Regulatory Authority?

As solicitors, in order to be on the Bank of Ireland conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel in which case such firms would be governed by the CLC.

My offer was accepted on a property in New Eltham on 3/4/2024, valuation was booked 2 days after, received a clean bill of health. Conveyancer instructed, so all that was missing was my mortgage offer. Having made daily calls to TSB and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the TSB conveyancing panel. Are TSB entitled to hold back the Mortgage pending the lawyer being on the approved list?

Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for TSB to deal with your lawyer's application to be on the TSB conveyancing panel. There's no guarantee that your solicitor will be accepted.

Will commercial conveyancing searches reveal proposed roadworks that could impact a commercial estate in New Eltham?

Many commercial conveyancing solicitors in New Eltham will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in New Eltham. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in New Eltham.

For each commercial conveyancing transaction in New Eltham it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can result in delays to New Eltham commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not ordered for residential conveyancing in New Eltham.

I am looking at a couple of flats in New Eltham both have in the region of forty five years unexpired on the leases. Will this present a problem?

There are no two ways about it. A leasehold flat in New Eltham is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. For most purchasers and banks, leases with less than eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with New Eltham conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I inherited a basement flat in New Eltham. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?

in cases where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to decide the price.

An example of a Lease Extension decision for a New Eltham residence is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case related to 1 flat.