My husband and I are acquiring a newly built flat in Canterbury and my solicitor is advising me that she is duty bound to the bank to reveal incentives from the developer. I am under pressure to exchange contracts and I don't want to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company 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.
The deeds to our house can not be found. The conveyancers who handled the conveyancing in Canterbury 5 years ago have long since closed. What do I do?
These day there are copies made of almost everything, and your lawyer will be aware precisely where to locate all the relevant documentation so you may buy or sell your house without any difficulty. Where duplicates are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities against possible claims on your premises.
I am buying a new build flat in Canterbury. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Canterbury
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Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
In sourcing the internet for the words cheap conveyancing in Canterbury it brings up many solicitorslocally. With so much choice what is the best way to find the right property lawyer for purchase transaction?
The ideal method of choosing the right conveyancer is via trusted referral, so enquire of colleagues and family who have purchased a property in Canterbury or the reputable estate agent or financial adviser. Costs for conveyancing in Canterbury vary, so it's sensible to request a minimum of three quotes from different companies. Dont forget to clarify that the costs are assured not to rise.
I am employed by a long established estate agent office in Canterbury where we have experienced a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Canterbury conveyancing firms. Can you shed some light as to whether the seller of a flat can start the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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 purchaser.
I am the registered owner of a ground floor flat in Canterbury, conveyancing was carried out February 2003. Can you work out an approximate cost of a lease extension? Similar properties in Canterbury with an extended lease are worth £221,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease terminates on 21st October 2095
With just 70 years remaining on your lease we estimate the premium for your lease extension to be between £9,500 and £11,000 plus costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
Are you able to explain what my options are where my Canterbury conveyancing searches reveals negative results?
Ordinarily, almost all adverse entries exposed in Canterbury conveyancing search results can be handled before completion or title insurance could possibly be obtained. You need to remember that although you intend on purchasing the premises and may be willing to live with the search results, your mortgage lender may not, and ultimately the decision rests with them.