We are nearing an exchange on a house in Herne Hill and my mum and dad have sent the ten percent deposit to my solicitor. I am now advised that as the deposit has not arrived from me my conveyancer needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?

Your solicitor is obliged to clarify with lender to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.

We see that you have a search directory identifying law firms on the Yorkshire BS conveyancing panel. Do companies pay you a referral fee if I appoint them for our own conveyancing in Herne Hill?

We are a listing service only for law firms wishing to communicate if they are on the Yorkshire BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Herne Hill.

Do I need to pop into the offices of the solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Herne Hill so that I can pop in to their offices if necessary.

As opposed to ten years ago, the vast majority mortgage companies no longer require their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to hand over identification documents and there are still distinct benefits to choosing a locally based ayer, in your case a conveyancing solicitor in Herne Hill.

Am I better off to appoint a Herne Hill conveyancing practitioner in close proximity to the house I am buying? We have a good friend who can execute the conveyancing but her office is 300kilometers away.

The benefit of a local Herne Hill conveyancing firm is that you can pop in to execute paperwork, hand in your ID and apply pressure on them if necessary. Having local Herne Hill know how is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and they were content that should surpass using an unknown Herne Hill conveyancing lawyer solely due to them being local.

I have had difficulty in seeking a lease extension in Herne Hill. Can this matter be resolved via the Leasehold Valuation Tribunal?

You certainly can. We are happy to put you in touch with a Herne Hill conveyancing firm who can help.

An example of a Freehold Enfranchisement decision for a Herne Hill premises is 66 Southwell Road in March 2012. By Order of Deputy District Judge Stone dated 25 January 2012 a vesting order was made. The determination of the purchase price was referred to the Tribunal who decided that the amount payable for the freehold should be£29,612.00 This case was in relation to 3 flats. The unexpired term as at the valuation date was 72.58 years.

When it comes to leasehold conveyancing in Herne Hill what are the most common lease defects?

There is nothing unique about leasehold conveyancing in Herne Hill. Most leases are unique and drafting errors can result in certain clauses are not included. For example, if your lease is missing any of the following, it could be defective:

Maintenance charge proportions which don’t add up to the correct percentage

You will encounter difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Leeds Building Society, and Alliance & Leicester all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, forcing the purchaser to withdraw.