lenderpanel

Find a Colliers Wood Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Colliers Wood? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Colliers Wood home move at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Colliers Wood conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Colliers Wood

Why would one appoint a Colliers Wood conveyancing practice when internet based conveyancers are easier on the wallet?

Its a good idea to compare conveyancing costs in Colliers Wood and you should seek an affordable quote but don’t be focused with searching for the lowest priced Colliers Wood conveyancer. Finding the right conveyancer can mark the distinction between a seamless and a frustrating move. You need to ensure that you have expert guidance from a trusted solicitor. An e-mail can never be as helpful as a phone conversation and can never replicate a face to face appointment. Our partner firms will find you a qualified and top rated conveyancing solicitor that will deal with your conveyancing from from the outset to completion, providing a level of hand holding that you are unlikely to received from an web based conveyancer. He or She will update you as to headway making sure that you are regularly updated. Should it ever be necessary to phone the firm you will be sure who to ask for and they will be sure you are in the know.

My lawyer has uncovered a defect with the lease for the flat we are buying in Colliers Wood. The other side have suggested title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancer has advised that he must be satisfied that the lender is willing to move forward with this solution. Who is the client here, us or the mortgage company ?

The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.

When will exchange of contracts occur in sale conveyancing in Colliers Wood and do I need to be at the lawyers branch?

If you are in close proximity to our conveyancing solicitors in Colliers Wood you are welcome to attend to sign documents. However, the firms we work with offer a countrywide conveyancing service and provide just as comprehensive and professional a job for you when dealing with you by post or email. The executing of the sale agreement is not the critical part. A signed contract simply enables the firm to exchange contracts when the time is right, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Colliers Wood)to be in the office at the appropriate time.

We are buying a end of terrace house in Colliers Wood. We would like to carry out a loft conversion at the property.Will legal investigations on the property include checks to determine if these works are permitted?

Your solicitor should check the registered title as conveyancing in Colliers Wood will on occasion reveal restrictions in the title deeds which prevent certain works or require the permission of a 3rd party. Some extensions call for local authority planning consent and approval in compliance with building regulations. Certain locations are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be sensible to check these things with a surveyor prior to committing yourself to a purchase.

The formalities of my purchase has taken place for my property in Colliers Wood. Conveyancing was of an acceptable standard but I would like to complain about the lender. How does one go about formally complaining?

All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.

I was told four weeks ago that my mortgage has been agreed to by Coventry BS. Is it usual for Coventry BS to only issue the offer once my solicitor in Colliers Wood is approved on their conveyancing panel? Coventry BS have asked my solicitor to see a copy of their PI Insurance.

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

Do you have any top tips for leasehold conveyancing in Colliers Wood from the perspective of saving time on the sale process?

  • Much of the delay in leasehold conveyancing in Colliers Wood can be bypassed where you appoint lawyers as soon as your agents start marketing the property and request that they start to put together the leasehold information which will be required by the buyers’ solicitors.
  • You may think that you are aware of the number of years remaining on your lease but you should double-check by asking your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is under 75 years. In the circumstances it is important at an as soon as possible that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. The majority of freeholders or Management Companies in Colliers Wood levy fees for supplying management packs for a leasehold property. You or your lawyers should enquire as to the fee that they propose to charge. The management information sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most common cause of delay in leasehold conveyancing in Colliers Wood. If there is a history of any disputes with your freeholder or managing agents it is very important that these are settled prior to the flat being put on the market. The purchasers and their solicitors will be concerned about purchasing a flat where there is a current dispute. You will have to accept that you will have to discharge any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to reveal the dispute as historic as opposed to unsettled. If you have carried out any alterations to the premises would they have required Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Colliers Wood state that internal structural changes or installing wooden flooring require a licence issued by the Landlord approving such alterations. Should you fail to have the approvals to hand you should not contact the landlord without contacting your solicitor before hand.

Following years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Colliers Wood. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

in cases where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to arrive at the amount due.

An example of a Lease Extension matter before the tribunal for a Colliers Wood premises is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case related to 1 flat. The number of years remaining on the existing lease(s) was 62.94 years.

Last updated

Find out more about how flying freehold can affect your the value of a property.