My best friend’s brother is a property lawyer. I suspect that I can be offered mate’s pricing for conveyancing, but if not, what kind of figure would I typically be looking at for conveyancing in South East London?
It’s wise to request 3 or more like-for-like conveyancing estimates. Do use our comparison tool on this page. The fees will be different but the service one can expect differ between conveyancers as is true with the vast majority of professional services.
is it true that all South East London solicitor practices on the HSBC conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the HSBC conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Some banks do list licenced conveyancers on their panel in which case such organisation would be overseen by the CLC.
I am purchasing a property in South East London. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Barclays be concerned?
As your lender is Barclays your lawyer must comply with the conveyancing requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Barclays. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to Barclays where a lease does not meet these conditions. The requirements relate to the installation of panels on properties nationwide and is not restricted to South East London.
I have decided to exercise my right to buy my property in South East London off the council. I have a mortgage offer with Barclays. 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 Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
Over the last few months I have been searching for a flat up to £235,500 and identified one round the corner in South East London I like with amenity areas and railway links in the vicinity, however it's only got 61 years on the lease. There is not much else in South East London suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a home loan the shortness of the lease will be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
How do I search for a South East London solicitor on the Clydesdale conveyancing panel? I am a keen cyclist and am willing to travel upto 20kilometers to meet the solicitor.
You can use the tool on this page. Please select a mortgage company and your location and you will see a number of South East London conveyancing lawyers locally. We have detailed some South East London conveyancing firms towards the end of this page and you can ring them to check if they are on the Clydesdale member panel
I work for a long established estate agency in South East London where we see a number of flat sales put at risk as a result of short leases. I have been given conflicting advice from local South East London conveyancing solicitors. Please can you shed some light as to whether the vendor of a flat can instigate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I inherited a ground floor flat in South East London. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the sum due for a lease extension?
Most certainly. We can put you in touch with a South East London conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a South East London premises is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case affected 1 flat. The unexpired lease term was 73.26 years.