I have just started taking steps with the intention of porting my existing standard loan to a Buy to Let The Mortgage Works mortgage. The bank has said that I must appoint a conveyancer for this. I spoke to my past Crayford conveyancing solicitor who who did the conveyancing when I first acquired the property. The costs illustration issued of £450 plus VAT is surprising as its a remortgage than a sale or purchase.
The costs illustration is slightly on the expensive side. If you shop around you might decrease the fees slightly by as much as £100 plus VAT. That being said, providing that you were pleased with the legal work the firm provided you couldlive to rue opting for an a cheaper conveyancer. Remember to ensure the conveyancer can represent The Mortgage Works. You can make use of our search tool to choose a Crayford conveyancing firm on the The Mortgage Works conveyancing panel, which can often include conveyancing solicitors in Crayford.
3 months have gone by following my purchase conveyancing in Crayford took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Just had an offer accepted on a new build flat in Crayford. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Crayford
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
How can the Landlord & Tenant Act 1954 impact my business offices in Crayford and how can you help?
The particular law that you refer to provides a safeguard to commercial tenants, giving them the legal entitlement to apply to court for a new tenancy and continue in occupation when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and assist with commercial conveyancing in Crayford
My partner has suggested that I instruct his conveyancing solicitors in Crayford. Do I take his recommendation?
No doubt it’s preferable to find a conveyancing practitioner is to get feedback from friends or family who have experience in using the firm you're considering.
I’m about to sell my garden apartment in Crayford. Conveyancing lawyers have not yet been instructed, however I have recently received a yearly service charge demand – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as usual given that all ground rent and service payments will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
After years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Crayford. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We can put you in touch with a Crayford conveyancing firm who can help.
An example of a Lease Extension case for a Crayford flat is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case affected 13 flats. The unexpired term was 76 years.