What guidance do you have for searching for cost effective conveyancing in Catford?
First ask the people you trust who they experienced using in the past and if they were happy with the service.
Option 2 is to search the web for conveyancing in Catford. Call two or three listed and invite them to send you their conveyancing fee calculations and discuss your needs with the solicitor who will oversee your conveyancing beforemaking your choice.
Option 3 is to make use of our search tool to assist you in finding the right lawyers for you based on your unique requirements including area of the property,speed, complexity and who the proposed mortgage company is. Avoid the trap of appointing low cost conveyancing in Catford
My apartment in Catford is up for sale and I have accepted an offer. Does my solicitor need to be required to be on the UBS conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the UBS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
Should my solicitor be raising questions concerning flooding during the conveyancing in Catford.
The risk of flooding is if increasing concern for solicitors specialising in conveyancing in Catford. There are those who acquire a house in Catford, completely aware that at some time, it may suffer from flooding. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or dispose of the premises. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to impart advice on flood risk, but there are a various searches that can be undertaken by the buyer or by their solicitors which should give them a better appreciation of the risks in Catford. The conventional set of property information forms given to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) incorporates a standard inquiry of the owner to discover if the premises has suffered from flooding. If flooding has previously occurred and is not disclosed by the vendor, then a buyer may commence a claim for damages as a result of such an inaccurate answer. The purchaser’s conveyancers will also conduct an environmental report. This should higlight if there is a recorded flood risk. If so, additional investigations will need to be initiated.
I am purchasing my first flat in Catford benefiting from help to buy. The builders would not move on the amount so I negotiated 6k of fixtures and fittings instead. The estate agent told me not disclose to my conveyancer about the side-deal as it could affect my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
In what way does the Landlord & Tenant Act 1954 impact my business premises in Catford and how can you help?
The particular law that you refer to affords a safeguard to business leaseholders, giving them the a statutory right to apply to court for a new lease and continue in occupation when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Catford
I am a negotiator for a reputable estate agent office in Catford where we have experienced a number of flat sales jeopardised due to short leases. I have been given contradictory information from local Catford conveyancing firms. Can you clarify whether the seller of a flat can start 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 kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 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 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.
I have given up trying to reach an agreement for a lease extension in Catford. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We are happy to put you in touch with a Catford conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Catford property is 44 Elmer Road in January 2013. The Tribunal dacied that amount to be paid by the Leaseholders for the Landlords freehold reversion was £12,951 as at the valuation date (20" September 2012).This matter was referred back to the Bromley County Court to deal with costs, fees and any other outstanding matters. This case was in relation to 2 flats. The unexpired residue of the current lease was 74.25 years.