My partner’s brother is a conveyancer. I expect that I will receive mate’s pricing for conveyancing, but if not, what level of fees should I be paying for conveyancing in Lewisham?
It’s advisable to look for 3 or more like-for-like conveyancing estimates. Make use of our search tool on this site. Whilst charges do contrast greatly but service levels do are distinct between law firms as is true with most professions.
I am buying a new build house in Lewisham with the aid of help to buy. The developers would not reduce the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not to tell my solicitor about the side-deal as it may adversely affect my loan with Lloyds TSB Bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a flat up to £305k and found one close by in Lewisham I like with open areas and transport links in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Lewisham in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will likely be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
What are your top tips when it comes to choosing a Lewisham conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a solicitor for lease extension works (regardless if they are a Lewisham conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Lewisham conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:
What volume of lease extensions has the firm carried out in Lewisham in the last twenty four months? What are the costs for lease extension conveyancing?
Following years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Lewisham. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the LVT to judgment on the amount due.
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.
My parents cant seem to find their Lewisham property on the HM Land Registry online search facility. They have a vague recollection 48 years ago when they acquired the house there were complications with the post code not being identified on some systems.
Almost all premises in Lewisham should appear. Have you endevoured to search to just the postcode. Normally it should reveal all the premises inside the postcode. Where recorded it will show up with a title number. If they bought back in the 70’s it's conceivable it may be not yet registered. The property may still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title papers which could be with your parent’s bank.