I am considering applying for a Bank of Ireland mortgage for purchase of a newly converted (under development) in Greenwich with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Bank of Ireland ?
There is nothing to stop you using your solicitor, but Bank of Ireland will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
Me and my partner are buying a flat in Greenwich. It might be a silly question but how we can trust a conveyancer? On the day of competition we have to send money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am the sole beneficiary of my late father’s will and I have everything in my name alone, including the house in Greenwich. Conveyancing formalities meant that the Land Registry date was in November. I now wish to sell up. I do know about the CML six month 'rule', meaning my proprietorship could be considered the same way as though I had purchased the property in November. Will no one buy the property for half a year?
The CML handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. many lenders would take a practical view as this obligation primarily exists to identify subsales or the flipping of property.
My husband and I are at the point of looking at houses in Greenwich and I am now considering a potential offer. Should I already have a conveyancer appointed at this point? I will be getting a home loan with TSB.
You should start obtaining conveyancing quotes from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the selling agent. As you are seeking a mortgage with TSB, make sure you remember to check that your lawyer is on the TSB conveyancing panel.
I need to instruct a conveyancing solicitor for my conveyancing in Greenwich. I happened to stumble across a web site which appears to be the ideal answer If there is a chance to get all this stuff done via phone that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am looking at a two maisonettes in Greenwich which have approximately 50 years remaining on the leases. should I be concerned?
A lease is a right to use the premises for a period of time. As the lease gets shorter the marketability of the lease reduces and it becomes more costly to acquire a lease extension. This is why it is advisable to extend the lease term. Sometimes it is difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional help from a conveyancer and surveyor with experience in this field.
I am the registered owner of a two-bedroom flat in Greenwich. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
Absolutely. We can put you in touch with a Greenwich conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Greenwich flat is 73 Walerand Road in August 2012. the result of the findings of the Tribunal led to a premium to be paid for the extended lease in respect of Flat 73 in the sum of £10,040. The premium applicable in respect of Flat 85 was £5,710. This case related to 2 flats. The unexpired term was 72 years.
Online reading suggests that Greenwich solicitors are more expensive than Greenwich conveyancers in Greenwich to use when buying a property. Am I better off using a conveyancer or a solicitor where I am purchasing for my home move in Greenwich.
When it comes to conveyancing in Greenwich the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.