Our conveyancer has identified a a problem with the lease for the flat we are purchasing in Old Malden. The seller’s lawyers have put forward title insurance as a solution. We are happy with insurance and will pay for it. Our property lawyer has advised that he must check that the mortgage company is happy with this solution. Who is the client here, us or the bank?

Notwithstanding that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the lender are the client. These conveyancing instructions must be adhered to.

The Old Malden conveyancing lawyers that just started acting on my purchase in Old Malden have suddenly shut down. They were on acting for me because I needed a solicitor on the Virgin Money conveyancing panel and my previous Old Malden lawyer was not. I paid them £170 on account. What do I do now?

Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.

Am I better off to choose a Old Malden conveyancing lawyer in close proximity to the house I am hoping to buy? I have an old university friend who can deal with the conveyancing however his firm is located 300miles away.

The benefit of a high street Old Malden conveyancing practice is that you can pop in to execute documents, hand in your ID and pester them if necessary. They will also have local knowledge which is a plus. However it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were content that should outweigh using an unfamiliar Old Malden conveyancing lawyer solely due to them being Old Malden based.

Planning to exchange soon on a leasehold property in Old Malden. Conveyancing solicitors inform me that they will have a report out to me tomorrow. What should I be looking out for?

The report on title for your leasehold conveyancing in Old Malden should include some of the following:

Does the lease prohibit wood flooring? You should have a good understanding of the building insurance requirements specifics of the parties to the lease, for instance these could be the tennant, head lessor, freeholder The unexpired lease term. You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark

We have reached the end of our tether in trying to purchase the freehold in Old Malden. Can the Leasehold Valuation Tribunal adjudicate on premiums?

Most certainly. We are happy to put you in touch with a Old Malden conveyancing firm who can help.

An example of a Lease Extension decision for a Old Malden premises is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case affected 1 flat.

I note that you have a post code search directory identifying law firms on the bank conveyancing panel. Do Old Malden conveyancing companies pay you a referral fee if I appoint them for my own conveyancing?

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