Can conveyancing in Lewisham to be finalised in less than two weeks?
In the event that the seller is applying time constraints to sign contracts it is highly recommended that your solicitor is familiar with the area as they will benefit local contacts and intelligence. It is even conceivable that they may have conducted otherhomes in the same neighbourhood. You would be best advised to use a Lewisham conveyancing solicitor. In addition, be sure that the lawyer is on the on the approved list for your mortgage company. It is said that just under twenty per cent of Lewisham conveyancing deals are suspended or derailed after discovering a buyer’s lawyer was not on their banks member panel. In many cases this discovery resulted in the conveyancing being frustrated by as much as 21 days. It is understood that this issue impacts in the region of one hundred thousand home moves annually. Most Lewisham conveyancing firms can not represent certain banks so do check as early as possible.
Please explain the implications if my lawyer’s firm is suspended from the Lloyds Solicitor panel ahead of completing my conveyancing in Lewisham?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Due to the guidance of my in-laws I had a survey completed on a property in Lewisham before retaining conveyancers. I have been advised that there is a flying freehold element to the house. My surveyor has said that some banks will not give a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Lewisham. Conveyancing will be smoother if you use a solicitor in Lewisham especially if they are familiar with such properties in Lewisham.
My brother has suggested that I appoint his conveyancing solicitors in Lewisham. Should I choose my own conveyancer?
There are no two ways about it the ideal way to select a conveyancing lawyer is to seek guidance from friends or family who have experience in using the solicitor you're contemplating using.
I wish to sublet my leasehold flat in Lewisham. Conveyancing solicitor who did the purchase is retired - so can't ask him. Do I need to ask my freeholder for permission?
A small minority of properties in Lewisham do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to review references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I am the proprietor of a two-bedroom flat in Lewisham. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for a lease extension?
Most certainly. We are happy to put you in touch with a Lewisham conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Lewisham premises 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 remaining number of years on the lease was 72 years.