Why is leasehold purchase conveyancing in West Dulwich costs more?
In short, leasehold conveyancing in West Dulwich and South London usually requires extra work compared to freehold conveyancing. This includes analysing the lease terms, corresponding with the landlord about the service of required notices, procuring current service charge and management information, procuring the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different leaseholders have owned the lease since it was first entered into.
My lawyer in West Dulwich has never been on on the Lloyds TSB Bank Conveyancing Panel. Is it possible for me to retain my prefered solicitor notwithstanding that they are excluded from the Lloyds TSB Bank approved list?
The limited options available to you here include:
- Carry on with your existing West Dulwich solicitors but Lloyds TSB Bank will need to retain a lawyer on their list of acceptable firms. This will inevitably rack up the total conveyancing fees and cause frustration.
- Find an alternative solicitor to to deal with the conveyancing, not forgetting to check they are Lloyds TSB Bank approved.
- Try to convince your Lloyds TSB Bank solicitor to attempt to join the Lloyds TSB Bank panel
Do I need to pay for insurance to cover chancel repairs when purchasing a property in West Dulwich?
Unless a previous acquisition of the premises completed post 12 October 2013 you can take it that conveyancing practitioners delivering conveyancing in West Dulwich to remain recommending a chancel search and or insurance against a claim.
I'm buying my first flat in West Dulwich with the aid of help to buy. The builders refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The property agent suggested that I not disclose to my lawyer about this deal as it could put at risk my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am 14 days into a leasehold purchase having been recommend to conveyancers by the local agent to execute conveyancing in West Dulwich. I am am starting to be disappointed with the quality of service. Could you you assist me in finding new lawyers?
They would have to be really bad to suggest replacing them. Has your mortgage offer been generated? If so you must advise them of the replacement conveyancer and have the offer are re-issued. The conveyancer needs to be on the banks panel to avoid added charges and delays. That should be your starting point. The search tool will assist you in finding a bank approved solicitor for your home move in West Dulwich