I am selling my house in Bowes Park and the EA has just called to advise that the purchasers are appointing a new property lawyer. The excuse is that the lender will only work with property lawyers on their approved list. On what basis would a leading lender only work with specific lawyers rather the firm that they want to choose for their conveyancing in Bowes Park ?
UK lenders have always had an approved set of law firms they are willing to work with, but in the past few years big names such as Santander, have reviewed and reduced their conveyancing panel– in some cases removing conveyancing firms who have acted for them for more than 25 years.
Lending institutions point to the increase in fraud as the reason for the cull – criteria have been tightened as a smaller panel is easier to monitor. Banks tend not to reveal how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some are unaware that they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. The purchasers are not going to have any impact on this.
We are buying a property and require a conveyancing solicitor in Bowes Park who is on the Yorkshire BS approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Yorkshire BS . We don't recommend any particular firms conducting conveyancing in Bowes Park.
I opted to have a survey done on a property in Bowes Park in advance of instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. The surveyor advised that some banks tend not give a loan on this type of premises.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bowes Park. Conveyancing will be smoother if you use a solicitor in Bowes Park especially if they are acquainted with such properties in Bowes Park.
Hoping to buy a property located in Bowes Park and I am already nervous. I couldn't find anything specific about Bowes Park. Conveyancing will be needed in due course but do you know about the Bowes Park area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bowes Park. In the meantime here are some basic statistics that we found
I have just started marketing my ground floor flat in Bowes Park. Conveyancing lawyers have not yet been instructed, however I have recently had a quarterly maintenance charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as usual because all ground rent and maintenance invoices should be apportioned on completion, so you should recover the relevant percentage by the buyer 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 given up trying to purchase the freehold in Bowes Park. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We are happy to put you in touch with a Bowes Park conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Bowes Park property is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case was in relation to 1 flat. The unexpired term was 81.79 years.