Is it realistic for conveyancing in Lewisham to be concluded in 28 days?
First, If you are under pressure to complete it is advisable to make sure that your conveyancer is familiar with the location as they will make use of local connections and intelligence. It is even conceivable that they could have handled previoushouses in the same neighbourhood. You would be best advised to use a Lewisham conveyancing firm. In addition, double check that the conveyancing firm is on the on the approved list for your mortgage company. It is believed that 18% of Lewisham conveyancing transactions are frustrated or jeopardised after discovering a purchaser’s conveyancer was not on their mortgage lender’s panel. In many cases this discovery resulted in the transaction being delayed by an average of 21 days. It is believed that this issue affects approximately 100,000 home moves annually. Most Lewisham conveyancing practices can not represent certain mortgage companies so do check at the outset.
We are planning to acquire a property and require a conveyancing solicitor in Lewisham who is on the UBS solicitor panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for UBS . We don't recommend any particular firms conducting conveyancing in Lewisham.
I happen to be the sole recipient of my late grandmother’s will and I have everything in my name now, including the my former home in Lewisham. Conveyancing formalities meant that the Land Registry date was in May. I want to move. I understand that there is a CML 6 month 'rule', which means that my proprietorship could be treated the same way as if I'd bought the house in May. Do I have to wait 6 months to sell?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be affected by that. Most mortgage companies would take a pragmatic view as this clause is primarily there to identify subsales or the quick reselling of properties.
I have decided to exercise my right to buy my property in Lewisham off the council. I have a mortgage offer with Virgin Money. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Virgin Money, you will need to appoint a solicitor on the Virgin Money conveyancing panel.
It is unclear whether my bank requires a lease extension. I have called into my local Lewisham bank branch on various occasions and was reassured it wasn't an issue and they will lend. My Lewisham conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they will not lend in accordance with their specific requirements. I simply don't know who is right.
The property lawyer has to follow the CML Handbook Part 2 provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Lewisham is where the house is located. Can you shed any light on this issue?
Flying freeholds in Lewisham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Lewisham you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lewisham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I need to retain a conveyancing solicitor for freehold conveyancing in Lewisham. I have land on a web site which seems to have the perfect answer If it is possible to get all the legals done via phone that would be preferable. Do I need to be concerned? 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?