Me and my partner are purchasing an apartment in Eltham. My property lawyer is not listed on the bank solicitor panel. Can I still retain my Eltham conveyancing solicitor even though they are not on the bank panel?
You must use a lawyer to complete the formalities when you take out a mortgage to buy your home. The conveyancer will carry out all the necessary investigations on the property, make sure that you will be registered as proprietor and ensure that all the required mortgage documentation is dealt with. You may appoint a Eltham lawyer of your choice. Nevertheless, if the property lawyer appointed is not a member of the lender conveyancing panel supplemental costs will arise as separate legal representation will be required by them. Lender panel applications can be submitted, so if your conveyancer has not in the past applied for membership they should take the opportunity to apply.
I happen to be the sole beneficiary of my late mum's will with all property in now in my sole name, including the house in Eltham. Conveyancing formalities meant that the Land Registry date was in January. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership will be considered the same way as if I'd bought the house in January. Is the property unsalable for six months?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be affected by that. Some lenders would take a practical view as this obligation is primarily there to capture the purchase and immediately sell or the quick reselling of property.
We have agreed to purchase a house in Eltham. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Barclays be concerned?
As your lender is Barclays your lawyer must follow the conveyancing instructions set out in Section two of UK Finance Lenders’ Handbook for Barclays. The CML Handbook contains minimum conditions for solar panel roof-space leases, and solicitors are required to report to Barclays where a lease does not satisfy these requirements. The conditions relate to the installation of panels on properties in England and Wales and is not isolated to Eltham.
Bank of Ireland have agreed my mortgage in principle, my offer on a flat in Eltham has been accepted, what happens next?
Your property agent will need to be informed of your property lawyer's details (be sure the conveyancing practitioners are on the bank’s approved list). Telephone Bank of Ireland or the financial adviser and finish off any outstanding paperwork. Bank of Ireland will appoint a valuer who will get in touch with the estate agent or owners to book a slot for the valuation to take place. Once carried out (assuming no problems) it takes on average a week for the mortgage offer to be issued. Bank of Ireland will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Eltham.
Despite weeks of looking the Title Certificate and documents to our property are lost. The lawyers who dealt with the conveyancing in Eltham 4 years ago no longer exist. What are my next steps?
In today’s world there are copies made of almost everything, and your conveyancer should know exactly where to find all the relevant paperwork so you can purchase or sell your property without any difficulty. Where copies are not available, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against possible claims on your property.
How does conveyancing in Eltham differ for newly converted properties?
Most buyers of new build residence in Eltham contact us having been asked by the builder to sign contracts and commit to the purchase even before the house is finished. This is because new home sellers in Eltham usually 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 conveyancing solicitors 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 accustomed to new build conveyancing in Eltham or who has acted in the same development.
How does the Landlord & Tenant Act 1954 impact my business offices in Eltham and how can you help?
The particular law that you refer to gives a safeguard to business lessees, giving them the dueness to apply to court for a renewal tenancy and remain in occupation at the end of the lease term. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and assist with commercial conveyancing in Eltham