My wife and I are acquiring a new build apartment in Aldwych and my solicitor is advising me that she has to the bank to disclose incentives from the seller. I am on a tight deadline to exchange and my preference is not to prolong deal. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I need some fast conveyancing in Aldwych as I am under an ultimatum to sign on the dotted line in less than 2 weeks. A home loan is not required. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not obtaining a mortgage you are at liberty not to have searches carried out although no law firm would recommend that you don't. Drawing on years of experience of conveyancing in Aldwych the following are examples of issues that can show up and therefore impact market value: Enforcement Actions, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
Despite weeks of looking the Title Certificate and documents to our house can not be found. The solicitors who did the conveyancing in Aldwych 10 years ago are no longer around. What do I do?
Nowadays there are duplicates made of almost everything, and your conveyancer should know precisely where to locate all the suitable documentation so you can buy or sell your house without any difficulty. If duplicates are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities against future claims on your premises.
How simple is it to switch firm as I have to instruct a firm on the Clydesdale conveyancing list. I had appointed a local conveyancing solicitor in Aldwych round the corner but she is not accepted by Clydesdale
It would be our pleasure to help you select a conveyancing solicitor in Aldwych on the Clydesdale panel. Please note that the solicitors that we list do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Aldwych. Using search facility on this site, you can compare charges for conveyancing solicitors in Aldwych and beyond.
I work for a reputable estate agency in Aldwych where we have witnessed a number of flat sales derailed as a result of short leases. I have been given conflicting advice from local Aldwych conveyancing firms. Can you clarify whether the owner of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.
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.
We have reached the end of our tether in trying to purchase the freehold in Aldwych. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We are happy to put you in touch with a Aldwych conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Aldwych property is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case related to 1 flat. The remaining number of years on the lease was 73.26 years.
New build sellers have recommended to me a property lawyer and I've sought an estimate from them. They are almost £250 cheaper than my own Aldwych property lawyer. What's the catch?
Builders often have lists of conveyancers who are quick and who know the seller’s documentation and conveyancer. As many developers offer an inducement to select a preferred solicitor for this reason, any increased fees can be avoided and a builder will not put forward a conveyancing factory and run the risk of having the transaction delayed when they require an exchange within a tight time frame. The argument for not agreeing to use the recommended conveyancer is that they may be reluctant to fight for your interests at the risk of alienating the housebuilder. If you worry that this may be the case you should stick with your high street Aldwych lawyer.