My Solicitor in South East London is not listed on the Virgin Money Solicitor Panel. Is it possible for me to retain my prefered solicitor notwithstanding that they are not on the Virgin Money panel?
Your options are as follows:
- Carry on with your preferred South East London solicitors but Virgin Money will need to instruct a solicitor on their list of acceptable firms. This will result in additional overall legal fees as well as cause delays.
- Choose a new solicitor to to deal with the purchase, obviously checking they are Virgin Money approved.
- Persuade your Virgin Money based solicitor to try to join the Virgin Money panel
We are buying a property in South East London. It might be a silly question but how we can trust a conveyancer? At some point we have to send funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Is there a list of Aldermore panel conveyancers in South East London on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. A small selection of mortgage companies make their panel listings visible on the web. If you are in need of a South East London lawyer on the Aldermore please make the most of our tool.
My offer on a house in South East London has been accepted, the vendors do however have an associated purchase. The vendors have placed an offer on somewhere, however it’s not been accepted yet, and are looking at other apartments booked. I have instructed a high street conveyancing solicitor in South East London. What should be my next step? When should I get the mortgage application with Co-operative started?
It is understandable to have concerns where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is approx one thousand pounds, then survey, South East London conveyancing search fees, etc). First, you must check that your solicitor is on the Co-operative approved list. Concerning the next phase this very much dictated by the circumstances of your case, desire for the property and on the state of the market. During a buoyant market the majority of home buyers will apply for the mortgage with Co-operative and pay for the valuation and only if it comes back ok would they ask their conveyancing practitioner to press on with searches.
What will a local search reveal regarding the property I am buying in South East London?
South East London conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search plays an important part in many a South East London conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your property. The search will reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic sections.
I was pointed in your direction by a few estate agents in South East London to locate a solicitor using your seach tool. Is there a financial inducement for Estate Agents to promote your lawyers over alternative conveyancing organisations?
We refuse to give any financial incentive for sending work to this site. We found it would be just too difficult a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Having checked my lease I have discovered that there are only Fifty years unexpired on my flat in South East London. I am keen to extend my lease but my freeholder is can not be found. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to find the landlord. In some cases a specialist may be helpful to try and locate and to produce an expert document which can be used as proof that the freeholder is indeed missing. It is advisable to get professional help from a solicitor in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing South East London.
My wife and I have hit a brick wall in trying to purchase the freehold in South East London. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the LVT to decide the amount due.
An example of a Freehold Enfranchisement case for a South East London property 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 related to 1 flat. The unexpired term was 73.26 years.