Is there a reason to appoint a Upper Norwood conveyancing solicitors firm when internet based conveyancers are easier on the wallet?
Its a good idea to contrast conveyancing costs in Upper Norwood and you should seek an affordable fee calculation but don’t become consumed with looking for the lowest priced Upper Norwood conveyancer. Identifying the right conveyancer can be the difference between a smooth and a frustrating house move. You need to ensure that you have expert advice from a trusted conveyancer. An e-mail can never be as helpful as a phone discussion and can never replicate a one to one meeting. The firms that we work with will appoint you a qualified and top rated conveyancing solicitor who can deal with your conveyancing from from the outset to completion, giving the sort of continuity that you rarely receive from an internet conveyancer. Our lawyers will update you as to progress making sure that you are regularly updated. Should you need to phone the office you will know who to ask for and we'll be sure you are in the know.
My wife and I are purchasing a house in Upper Norwood. I might seem paranoid but how we can trust a solicitor? On the day of competition we have to send money into their account. What is the protection we have from them run away with our deposit?
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.
I can not work out if my lender requires a lease extension. I have called my Upper Norwood bank branch on various occasions and was told it does not impact the mortgage offer and they will lend. My Upper Norwood conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they would not lend based on their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your conveyancing practitioner must comply with the Council of Mortgage Lenders’ Handbook Part 2 requirements for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Coventry BS have agreed my mortgage in principle, my bid on a flat in Upper Norwood has been agreed to, what are the next steps?
The property agent will need to know who your solicitors are (ensure that the conveyancing practitioners are on the bank’s approved list). Call up Coventry BS or the broker and finish off any outstanding paperwork. Coventry BS will appoint a valuer who will get in touch with the estate agent or vendor to arrange a time for the valuation to occur. Once conducted (assuming no problems) it takes on average a week to get a mortgage offer. Coventry BS will send the offer to you and your conveyancers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Upper Norwood.
I purchased a semi-detached Victorian property in Upper Norwood. Conveyancing practitioner represented me and Alliance & Leicester . I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the matching address. Is it worth asking Alliance & Leicester to clarify?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Upper Norwood and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with the conveyancing lawyer who conducted the purchase.
I have been advised by a few property agents in Upper Norwood to get a quote from a conveyancer using your seach tool. What’s the financial upside for Estate Agents to offer your lawyers ahead of a competitor’s?
We don’t give any financial incentive for directing people in our direction. We thought it would be too underhand to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
My wife and I purchased a leasehold flat in Upper Norwood. Conveyancing and Bank of Scotland mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1996. The conveyancing solicitor in Upper Norwood who previously acted has now retired. What should I do?
The first thing you should do is contact the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Upper Norwood conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Upper Norwood conveyancing firm to assist?
Absolutely. We are happy to put you in touch with a Upper Norwood conveyancing firm who can help.
An example of a Lease Extension case for a Upper Norwood residence is Flats 55, 67 & 70 Melbourne Court Anerley Road in July 2013. The tribunal calculated that the premium for the extended lease at £48,366.00 for at 55, and £88,329.00 for ats 67 and 70 combined. This case affected 1 flat. The remaining number of years on the lease was 26.38 years.