What can a local search tell me concerning the house I am buying in Coulsdon?
Coulsdon conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search organisations such as Searchflow The local search is essential in every Coulsdon conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search should provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a quick, chain free conveyancing. Coulsdon is where the house is located. Is there any guidance you can impart?
Flying freeholds in Coulsdon are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Coulsdon you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Coulsdon may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
How can the Landlord & Tenant Act 1954 impact my commercial offices in Coulsdon and how can you help?
The particular law that you refer to affords protection to business lessees, granting the legal entitlement to make a request to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Coulsdon is one of the hundreds of locations in which our lawyers are based
I need to instruct a conveyancing solicitor for remortgage conveyancing in Coulsdon. I've land on a site which seems to have the ideal answer If it is possible to get all this stuff done via web that would be ideal. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I've found a house that appears to be perfect, at a great price which is making it all the more appealing. I have just discovered that the title is leasehold rather than freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Coulsdon. Conveyancing advisers have not yet been instructed. Will they explain the issues?
Most houses in Coulsdon are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are buying in Coulsdon so you should seriously consider shopping around for a Coulsdon conveyancing solicitor and check that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’sconsent to carry out changes to the property. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your solicitor will advise you fully on all the issues.
I am the proprietor of a ground floor flat in Coulsdon. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
Most definitely. We are happy to put you in touch with a Coulsdon conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Coulsdon residence is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case was in relation to 3 flats. The unexpired term was 75 years.
I own a leasehold flat in Coulsdon. Conveyancing was finalised in 2010. I have heard that I should not let the the remaining lease term to fall too short. Why is that a problem?
Coulsdon leasehold properties are for a set term - usually just under one hundred years when they commenced. However many flats in Coulsdon were built or converted 20 or more years ago and so such leases now have fewer than eighty years left to run. That may seem like a long time however Banks, Building Societies and other mortgage lenders on the whole need leases to have at least 75 years unexpired to be mortgageable. This means that when you come to sell the property you will need a lease extension if you are approaching eighty years. To enhance your property value you should be considering whether or not to extend your lease well in advance of selling the property. Furthermore advantages to doing so before the lease reaches even eighty years as when the lease falls below eighty years the amount to be paid to extend starts to escalate.