I am buying a newly built apartment in Collier Row and my lawyer is advising me that she has to the bank to disclose incentives from the builder. I am under pressure to sign contracts and I don't want to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Are the BSA planning on creating a searchable register to to identify practices on the Coventry BS conveyancing panel for example in Collier Row?
We have not been informed any intention on the part of the BSA to promote such a search facility.
I have been told that property searches are the number one reason for obstruction in Collier Row conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not feature within the common causes of delays in the conveyancing process. Searches are not likely to be the root cause of delay in conveyancing in Collier Row.
The deeds to my home can not be found. The lawyers who handled the conveyancing in Collier Row 5 years ago are no longer around. Will I be able to sell the house?
These day there are duplicates made of almost everything, and your conveyancer will be aware precisely where to look for all the appropriate paperwork so you can purchase or sell your house without any difficulty. If copies can’t be located, your solicitor may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on your premises.
Due to the advice of my in-laws I had a survey completed on a property in Collier Row prior to instructing solicitors. I have been advised that there is a flying freehold element to the property. My surveyor advised that some lenders will refuse to issue a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. Should you wish to telephone us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Collier Row. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Collier Row to see if the conveyancing costs will increase in light of this.
Planning to sign contracts shortly on a leasehold property in Collier Row. Conveyancing lawyers assured me that they will have a report out to me tomorrow. What should I be looking out for?
The report on title for your leasehold conveyancing in Collier Row should include some of the following:
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The unexpired lease term. You should receive guidance as what happens when the lease expires, and aware of the importance of not letting the lease term falling below eighty years Where does the liability rest for repairing the window frames The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? Whether the lease restricts you from letting out the property, or having a home office for business
I am the proprietor of a two-bedroom flat in Collier Row. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?
Most certainly. We are happy to put you in touch with a Collier Row conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Collier Row residence is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The number of years remaining on the existing lease(s) was 57.5 years.