Are the BSA intent on creating a online directory to to identify practices on the Coventry BS conveyancing panel for example in Lambeth?
Lexsure has not been advised of any intention on the part of the BSA to develop such a search facility.
How does conveyancing in Lambeth differ for new build properties?
Most buyers of new build or newly converted property in Lambeth contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Lambeth typically purchase 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 Lambeth or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £305k and identified one close by in Lambeth I like with a park and transport links in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Lambeth suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage that many years will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
I am looking into buying my first house which is in Lambeth and I am already nervous. I couldn't find anything specific about Lambeth. Conveyancing will be needed in due course but do you know about the Lambeth area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Lambeth. In the meantime here are some basic statistics that we found
I have been sourcing a conveyancing solicitor in Lambeth for my home move. Is there any facility to review a firm’s complaints history with the profession’s regulator?
One may search for presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training reasons.