Am I correct in assuming that the fact that my conveyancer in Collier Row is not on my bank's conveyancing panel that there is a problem with the standard of her conveyancing?
It would be unwise to jump to that conclusion. There are plenty of reasonable explanations. Just recently a report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should contact the Collier Row conveyancing firm and ask them why they are no longer on the approved list for your lender.
Would the conveyancing lawyers that you recommend handle auction conveyancing in Collier Row?
There are a few niche practitioners we can connect you with those conducting auction conveyancing. Collier Row is one of our areas of where our lawyers have offices.
Do I need to take out insurance to address the risk of chancel repairs when purchasing a residence in Collier Row?
Unless a previous acquisition of the property completed post 12 October 2013 you can assume that lawyers handling conveyancing in Collier Row to remain recommending a chancel search and or insurance against a claim.
I need to instruct a conveyancing lawyer in Collier Row for my house move. Is it possible to review a solicitor's record with the profession’s regulator?
One can search for documented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's history, telephone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, dial +44 (0)121 329 6800. The regulator may recorded telephone calls for training purposes.
I am looking at a two apartments in Collier Row both have in the region of forty five years remaining on the leases. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a period of time. As the lease shortens the saleability of the lease reduces and it becomes more costly to extend the lease. This is why it is advisable to extend the lease term. It is often difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this arena.
I have tried to negotiate informally with with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Collier Row conveyancing firm to help?
Most definitely. We are happy to put you in touch with a Collier Row conveyancing firm who can help.
An example of a Lease Extension decision for a Collier Row property is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case was in relation to 1 flat. The unexpired term was 57.5 years.