My husband and I are purchasing a 2 bedroom flat in Colliers Wood with a mortgage. We have a Colliers Wood lawyer, however the mortgage company advise he's not on their "panel". It seems we have little choice but to appoint one of the lender panel conveyancing practices or retain our Colliers Wood property lawyer and pay for one of their panel lawyers to represent them. We regard this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Colliers Wood conveyancing lawyer to apply to be on the conveyancing panel.
Is it necessary during the course of the conveyancing process to attend the offices of the solicitor to execute the legal charge? If so, I will choose one who does conveyancing in Colliers Wood so that I can attend their offices if required.
Whereas this was necessary ten years ago, almost all banks no longer oblige their conveyancing panel solicitor to witness the mortgagors signature. You will still be obliged to supply identification documents and there are still manifest advantages to choosing a local solicitor, in your case a conveyancing solicitor in Colliers Wood.
It has been 4 months since my purchase conveyancing in Colliers Wood completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the encouragement of my in-laws I had a survey completed on a property in Colliers Wood prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders may refuse to grant a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different instructions from Halifax. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Colliers Wood. Conveyancing will be smoother if you use a solicitor in Colliers Wood especially if they regularly deal with such properties in Colliers Wood.
Is it possible to transfer to a new firm as I need to select one who is on the Alliance & Leicester conveyancing panel. I instructed a high street conveyancing solicitor in Colliers Wood round the corner but she is not approved by Alliance & Leicester
We will our best to assist in finding you a conveyancing solicitor in Colliers Wood on the Alliance & Leicester panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are registered with the SRA who regulate all conveyancing solicitors in Colliers Wood. Using the find a conveyancing solicitor tool on this page, you can compare costs for conveyancing solicitors in Colliers Wood and throughout England and Wales.
I've found a house that seems to meet my requirements, at a great price which is making it more attractive. I have subsequently been informed that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a leasehold house in Colliers Wood. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in Colliers Wood ?
Most houses in Colliers Wood are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Colliers Wood so you should seriously consider shopping around for a Colliers Wood conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the property is located on an estate. Your solicitor should advise you fully on all the issues.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Colliers Wood conveyancing firm to help?
Where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to determine the price payable.
An example of a Lease Extension case for a Colliers Wood property is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case related to 1 flat. The remaining number of years on the lease was 62.94 years.