"Whether you are buying or selling, awareness of local considerations will positive impact the likelihood of a successful sale or purchase. Relevant and up-to-date area information is gathered by our Property Lawyers thanks to their network of Honor Oak contacts and they pay close attention to issues commonly arising during Honor Oak transactions."

Local issues considered by Honor Oak Conveyancing Solicitors:

Official Local Authority Searches

If your are intending to purchase a property in Honor Oak your solicitor is required to apply to the council for Local Authority Searches. The Local Authority for Honor Oak is London Borough of Southwark Council, Town Hall, Peckham Road, London, SE5 8UB. Tel: 020 7525 5000

What are the consequences if your solicitor is not on your Lender's panel?

Mortgage lenders maintain panels of solicitors who they will instruct to carry out legal work on mortgages. At one time, many lenders, especially the large banks, were prepared to instruct any firm of solicitors who asked to be placed on their panel. However, mortgage lenders have started removing firms which do not carry out much work for them, or have not met certain additional criteria. To proceed where your Honor Oak lawyer is not on a mortgage lender' s panel, you have the following options:

• Instruct another firm who is on your lender's panel, or,
• Find a mortgage from a different lender

You could also choose to work with your current solicitor, but you will have to pay the lender's costs in addition to your own, as they will instruct a member of their panel.

Disadvantaged Areas in Honor Oak

Disadvantaged Areas Relief may be available in nearly 2,000 areas throughout the UK. Local government wards or electoral divisions are used to define the boundaries of these. As the areas which have been designated are based on local authority electoral wards, they do not always coincide with postcode districts. The postcode search tool cannot always be relied on to predict eligibility. If an online search cannot determine whether a Honor Oak home is located in a disadvantaged area, clarification should be sought from the local council. By making a straightforward search by postcode, you can usually determine if a property purchase below £150,000 will benefit, however. For more information regarding Honor Oak disadvantaged areas, or to determine if your prospective purchase qualifies, call us today.