I have given 8 weeks notice to my current landlord and have to be out of my rented apartment in Copse Hill by the end of next month. Conveyancing on my purchase is underway. Is it possible to complete in six weeks as don't want to have to move into temporary accommodation?
The normal practice is not to serve notice on a rental unless you have exchanged. If you have not previously done so, update to your lawyer and request that they chase the owners side, try to get a realistic time scale from them that all parties will aim towards
We previously selected conveyancing lawyers located in Copse Hill on the Leeds Building Society solicitor panel. They have just billed me a separate amount for handling the Leeds Building Society mortgage. Is this a supplemental conveyancing fee specified by Leeds Building Society?
As unfair as it may appear, as long as it’s in their Terms and Conditions or Quote then yes your property lawyer is entitled to levy a fee for this. This charge is not set by Leeds Building Society but by your Copse Hill property lawyer. Numerous firms on the Leeds Building Society panel will quote ’dealing with mortgage’ fee but some practices incorporate it on their overall fee.
I am selling my house. I had a double glazing fitted in September 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Clydesdale are being pedantic. The Copse Hill solicitor who is on the Clydesdale conveyancing panel is recommending indemnity insurance as a solution but Clydesdale are requiring a building regulation certificate. Why do Clydesdale have a conveyancing panel if they don't accept advice from them?
It is probably the case that Clydesdale have referred the matter to their valuer. The reason why Clydesdale may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Barclays have agreed my home loan in principle, my offer on a apartment in Copse Hill has been accepted, what are the next steps?
Your property agent will want to be informed of your property lawyer's details (ensure that the solicitors are on the lender’s panel). Call up Barclays or the broker and complete any relevant documentation. Barclays will sellect a valuer who will get in contact with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes approximately ten days to receive the mortgage offer. Barclays will send the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Copse Hill.
Are there restrictive covenants that are commonly identified during conveyancing in Copse Hill?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Copse Hill. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm purchasing my first flat in Copse Hill with a loan from Britannia. The developers would not move on the price so I negotiated £7000 of fixtures and fittings instead. The property agent advised me not disclose to my lawyer about the side-deal as it may affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I am looking for a conveyancing practitioner in Copse Hill for my sale. Is it possible to check a firm’s record with the profession’s regulator?
Anyone may read documented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. For information Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator may monitor call for training requirements.
I work for a busy estate agent office in Copse Hill where we have experienced a few flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Copse Hill conveyancing firms. Could you confirm whether the owner of a flat can commence 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 commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is 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 needs to be completed before, or simultaneously with completion of the disposal of the property.
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 have given up trying to purchase the freehold in Copse Hill. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We are happy to put you in touch with a Copse Hill conveyancing firm who can help.
An example of a Lease Extension decision for a Copse Hill premises is 83 Balvernie Grove in February 2012. The Tribunal assessed the price to be paid by the leaseholder to the freeholder for the lease extension pursuant to section 48 of the Leasehold Reform Housing & Urban Development Act 1993 should be£16,603.00 This case was in relation to 1 flat. The remaining number of years on the lease was 69.32 years.