Me and my fiance are purchasing a 3 bedroom apartment in Parsons Green with a mortgage. We would like to retain our Parsons Green lawyer, but the mortgage company advise she’s not on their "panel". It appears that we have little choice but to use one of the lender panel conveyancing practices or continue with our Parsons Green solicitor and pay for one of their panel firms to represent them. We regard this is unjust; is there anything we can do?
Unfortunately,no. 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 Parsons Green conveyancing solicitor to apply to be on the conveyancing panel.
At what point does exchange of contracts take place for residential conveyancing in Parsons Green and do I need to attend the lawyers office?
Where you are near to one of the conveyancing solicitors in Parsons Green you are welcome to attend to sign documents. However, the firms we work with provide a nationwide conveyancing service and give as equally comprehensive and professional a job for you when communicating with you by post or email. The signing of the property agreement is not when everything is set in stone. Signing on the dotted line is necessary for the solicitor to officially exchange at the appropriate time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Parsons Green)to be in the office at the appropriate time.
Various web forums that I have visited warn that are the number one cause of stalling in Parsons Green house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of hindrances during the legal transfer of property. Local searches are unlikely to feature in any delay in conveyancing in Parsons Green.
I opted to have a survey completed on a property in Parsons Green prior to appointing solicitors. I have been informed that there is a flying freehold aspect to the house. My surveyor advised that some mortgage companies may refuse to issue a mortgage on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. If you contact us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Parsons Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Parsons Green to see if the conveyancing will be more expensive.
Back In 2006, I bought a leasehold flat in Parsons Green. Conveyancing and Barclays mortgage are in place. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Parsons Green who previously acted has long since retired. Any advice?
The first thing you should do is contact HMLR to be sure that the individual claiming to own the freehold is indeed the new freeholder. It is not necessary to instruct a Parsons Green conveyancing practitioner to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Following months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Parsons Green. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to arrive at the premium.
An example of a Freehold Enfranchisement case for a Parsons Green property is 66 and 66a Wardo Avenue in November 2012. The Tribunal determined that the sum of £8,048 is payable by the Applicants in respect of the price for the freehold of the property This case was in relation to 2 flats. The unexpired lease term was 93 years and 162 years.