I require expedited conveyancing in Charterhouse as I am faced with a deadline to complete in less than one month. Fortunately I do not require a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
As you are are a mortgage free buyer you are at free not to have searches conducted although no lawyer would advise that you don't. Drawing on our experience of conveyancing in Charterhouse the following are instances of issues that can appear and therefore impact the marketability of the property: Enforcement Notices, Overdue Fees, Outstanding Grants, Road Schemes,...
How does conveyancing in Charterhouse differ for new build properties?
Most buyers of new build or newly converted property in Charterhouse approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because builders in Charterhouse usually buy the site, 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 property lawyers 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 Charterhouse or who has acted in the same development.
I have been on the look out for a leasehold apartment up to £245,000 and identified one round the corner in Charterhouse I like with a park and station nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Charterhouse in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a home loan that many years will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
I need to instruct a conveyancing solicitor in Charterhouse for my house move. Is there any facility to see a firm’s record with the legal regulator?
You can see presented Solicitor Regulator Association (SRA) determinations arising from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, use +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training purposes.
I am hoping to put an offer on a small detached house that seems to meet my requirements, at a reasonable price which is making it all the more appealing. I have just found out that the title is leasehold rather than freehold. I am assuming that there are issues purchasing a house with a leasehold title in Charterhouse. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?
The majority of houses in Charterhouse are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Charterhouse in which case you should be looking for a Charterhouse conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as obtaining the landlord’spermission to conduct alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your conveyancer should advise you fully on all the issues.
Notwithstanding our best endeavours, we have been unsuccessful in negotiating a lease extension in Charterhouse. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We are happy to put you in touch with a Charterhouse conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Charterhouse residence is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case related to 1 flat. The unexpired term as at the valuation date was 66.8 years.
We have instructed a Charterhouse conveyancing solicitor for our home move (first time buyers) and have noticed in the Ts and Cs that they are not covered by the Financial Conduct Authority. Need I be concerned or is that usually the case with solicitor?
We can't see why they should be. Most conveyancer don't lend money. They will be governed by the SRA, who set strict stipulations covering amounts sitting by them.