I have justdiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Crystal Palace for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Crystal Palace conveyancing specialists.
How does conveyancing in Crystal Palace differ for newly converted properties?
Most buyers of new build premises in Crystal Palace approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because new home sellers in Crystal Palace usually buy the real estate, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Crystal Palace or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one near me in Crystal Palace I like with open areas and railway links in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Crystal Palace for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a mortgage the remaining unexpired lease term will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Taking into account that I am about to part with hundreds of thousands of pounds on 3 bedroom house in Crystal Palace I wish to have a conversation with the lawyer regarding thehouse move prior to giving the go ahead to the firm. Can this be arranged?
Absolutely - we would be delighted to talk to you we do not take any clients on without you liaising with the conveyancer due to be conducting your conveyancing in Crystal Palace.There is no ‘factory style conveyancing’ - every client is unique individual, not a file number. The practices that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Crystal Palace should be the figure that you are charged.
I am in need of some leasehold conveyancing in Crystal Palace. Before I get started I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and almost all are in Crystal Palace - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Following months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Crystal Palace. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to decide the sum to be paid.
An example of a Lease Extension decision for a Crystal Palace residence is Flat 1 4 Border Crescent in March 2012. the Tribunal decided that the sum payable by the Applicants to the Respondent in respect of the new lease for the subject property should be £11,616.00 (ElevenThousand and Six Hundred and Sixteen Pounds) This case related to 1 flat. The unexpired residue of the current lease was 72.04 years.
I need to assess estimates for conveyancing in Crystal Palace from numerous lawyer and decide on one. Am I right to ask them to sit tight until I a suitable house to buy.
We suggest that you only request your conveyancer to start work and order searches after the offer has been agreed to on the property especially as Crystal Palace conveyancing searches are a couple of hundred pounds.