We have agreed to purchase a house in Warlingham. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender HSBC be concerned?
Given that your lender is HSBC your lawyer must comply with the conveyancing instructions contained in Section two of UK Finance Lenders’ Handbook for HSBC. The Council of Mortgage Lenders’ Handbook stipulates minimum conditions for solar panel roof-space leases, and conveyancing practitioners are required to report to HSBC where a lease does not satisfy these specifications. The requirements relate to the installation of panels on properties in England and Wales and is not limited to Warlingham.
Completion of my remortgage has taken place for my property in Warlingham. Conveyancing was satisfactory but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Services Team at head office. Ordinarily complaints to a lender are resolved effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
About to purchase maisonette in Warlingham. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the TSB conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Warlingham lawyer is on the TSB conveyancing panel.
Just bought a semi-detached house in Warlingham , What is the estimated time for the Land Registry to deal with the formalities evidencing the transfer to my name? My Warlingham conveyancing solicitor works at snail pace, so I want to be certain that my ownership is registered.
There is nothing unique when it comes to conveyancing in Warlingham registration formalities. As opposed to being determined by geographic area, timeframes can vary according to the party submitting the application, whether there are errors and if the Land registry need to notify any third parties. As of today approximately three quarters of such applications are fully addressed within 12 days but occasionally there can be longer delays. Registration is effected once the purchaser is living at the premises therefore registration formalities is not always primary concern but where it is urgent that the the registration takes place urgently then you or your conveyancer should speak with the land registry and explain the circumstances.
How does conveyancing in Warlingham differ for newly converted properties?
Most buyers of new build residence in Warlingham contact us having been asked by the seller to sign contracts and commit to the purchase even before the house is built. This is because developers in Warlingham usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Warlingham or who has acted in the same development.
My partner has recommend that I instruct his conveyancing solicitors in Warlingham. Should I use them?
There are no two ways about it it’s preferable to select a conveyancing solicitor is to have feedback from friends or relatives who have actually experience in using the solicitor you're contemplating using.
I am a negotiator for a busy estate agency in Warlingham where we see a number of leasehold sales put at risk as a result of short leases. I have been given inconsistent advice from local Warlingham conveyancing firms. Can you shed some light as to whether the seller of a flat can instigate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Following months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Warlingham. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We can put you in touch with a Warlingham conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Warlingham residence is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case affected 6 flats. The unexpired lease term was 78.32 years.