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Find a Colliers Wood Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Colliers Wood? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Colliers Wood home move at risk of delay or failure.

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Recently asked questions about conveyancing in Colliers Wood

I have given 8 weeks notice to my current landlord and must vacate my let out property in Colliers Wood by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in 4 weeks as don't want to have to find temporary accommodation?

Generally one should not provide notice on a rental until exchange of contracts has taken place. Assuming that you have not previously done so, update to your conveyancer and urge them to they chase the sellers side, try to an agreed time frame that all parties will look towards

Me and my partner are purchasing a property in Colliers Wood. I might seem paranoid but how we can trust a solicitor? On the day of competition we will need to deposit our life savings into their account. What protection do we have from them run away with our deposit?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

My father pointed out to me me that in buying a property in Colliers Wood there may be a number of restrictions preventing external changes to a property. Is this right?

There are a number of properties in Colliers Wood which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Colliers Wood should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

My offer on a semi in Colliers Wood has been accepted, but there is a chain. The vendors have placed an offer on a property, but it’s not yet agreed to, and have viewings of other flats in the pipeline. I have selected a local conveyancing solicitor in Colliers Wood. What do I do now? At what stage should I apply for the mortgage with Coventry BS?

It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (home loan application is in the region of £1k, then survey, Colliers Wood conveyancing search charges, etc). First, you must check that your conveyancer is on the Coventry BS conveyancing panel. As to the subsequent steps this very much dictated by the specifics of your transaction, desire for the property and on the state of the market. During a hot market many buyers will apply for the mortgage with Coventry BS and pay for the valuation and only if it was satisfactory would they pay their conveyancing practitioner to proceed with searches.

I need some fast conveyancing in Colliers Wood as I have pressure to complete within one month. A home loan is not required. Can I decline from having conveyancing searches to save fees and time?

If.Given you are not taking a mortgage you are at liberty not to do searches although no conveyancer would advise that you don't. With lots of history conveyancing in Colliers Wood the following are examples of what can appear and adversely affect future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...

I'm purchasing a new build house in Colliers Wood with the aid of help to buy. The sellers would not budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent suggested that I not disclose to my conveyancer about this extras as it may impact my loan with the bank. Do I keep my lawyer in the dark?.

All lenders require a Disclosure of Incentives Form from the developer 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 today plan to offer on a house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have just found out that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a leasehold house in Colliers Wood. Conveyancing lawyers have are about to be instructed. Will they explain the issues?

Most houses in Colliers Wood are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Colliers Wood in which case you should be looking for a Colliers Wood conveyancing practitioner and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to carry out changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the house is located on an estate. Your conveyancer should appraise you on the various issues.

I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Colliers Wood conveyancing firm to assist?

if there is a missing freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to calculate the premium.

An example of a Lease Extension decision for a Colliers Wood residence 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 was in relation to 1 flat. The unexpired term was 62.94 years.

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Find out more about how flying freehold can affect your the value of a property.