Please could you suggest a Accord Mortgages Ltd accepted Southwark conveyancing firm finish our home move within under 3 weeks? Am I best advised to choose a local Southwark solicitor or a web based comparison site?
We can recommend some very good Southwark conveyancing firms. Another option is to visit the main road in Southwark. Approach some well established firms and ask to speak with a conveyancing solicitor for a costs illustration. Discuss your requirements together with the reasons and ask for a commitment on your deadline. Appoint the lawyer that genuine.
As a novice what is the most important advice you can give me concerning purchase conveyancing in Southwark?
You may not hear this from too many lawyers but conveyancing in Southwark or throughout South East London is an adversarial process. Put another way, when it comes to conveyancing there is an abundance of room for friction between you and other parties involved in the legal transfer of property. For instance, the vendor, property agent and on occasion a mortgage company. Selecting a lawyer for your conveyancing in Southwark is a critical decision as your conveyancer is your adviser, and is the ONLY party in the transaction whose role it is to act in your legal interests and to protect you.
There is a definite ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. We recommend that you should always trust your lawyer ahead of all other parties when it comes to the legal transfer of property.
The Southwark conveyancing lawyers that I appointed last week on my house acquisition in Southwark have suddenly closed. They were on acting for me because I had to have a lawyer on the Aldermore conveyancing panel and my family Southwark lawyer was not. I paid them funds in advance. What do I do now?
If you have an estate agent involved then inform them straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Aldermore conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
I am on look out for some leasehold conveyancing in Southwark. Before I get started I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and most are in Southwark - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have had difficulty in trying to purchase the freehold in Southwark. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to make a decision on the premium.
An example of a Freehold Enfranchisement decision for a Southwark premises is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The unexpired residue of the current lease was 107 years.
My intention is to acquire a garden maisonette in Southwark. Conveyancing lawyer is awaiting, from the seller, building insurance documents. Earlier today I was advised that the owner must send the insurance schedule for the flat above in addition. Why would my property lawyer need to review the insurance for the flat above? Is it strictly required? We have been in hold for the last month…
It is not impossible in leasehold conveyancing in Southwark to discover Conveyancing in Southwark in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats as opposed to the landlord insuring the whole premises - which is definitely preferable. You should contact your conveyancing practitioner but it would seem that your property lawyer is seeking to establish that the complete building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be rebuilt due to lack of insurance.