My wife and I are planning to acquire a property in Brixton and are in fact using a Brixton conveyancing firm. Within the last couple of days our property lawyer has forwarded the sale agreement to be signed with a detailed report with a view to exchanging next week. Santander have this morning contacted us to advise us that there is now an issue as our Brixton conveyancer is not on their conveyancing panel. What do we do from here?
Where you are buying a property needing a mortgage it is conventional for the purchasers' solicitors to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel and you may continue to use your own Brixton solicitors, in which case it will likely add costs, and it may delay matters as you have another set of people involved.
We are purchasing a house and need a conveyancing solicitor in Brixton who is on the Nationwide conveyancing panel. Can you recommend a local conveyancing 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 Nationwide . We don't recommend any particular firms conducting conveyancing in Brixton.
What does a local search tell me regarding the property I am buying in Brixton?
Brixton conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance Searches UK The local search plays a central part in many a Brixton conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search will supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I am looking for a flat up to £245,000 and found one near me in Brixton I like with amenity areas and station in the vicinity, however it only has 51 years on the lease. I can't really find anything else in Brixton for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage the shortness of the lease will be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I am using a search engine for the words on line conveyancing in Brixton it reveals numerous property lawyersin the vicinity. With so much choice what is the best way to find the suitable property lawyer for me?
The preferential way of finding a suitable conveyancer is via personal referral, so enquire of friends and family who have purchased a property in Brixton or the local estate agent or financial adviser. Fees for conveyancing in Brixton vary, so it's a good idea to request at least three fee calculations from varying types of property lawyers. Make sure that you clarify that the fees are fixed.