My lawyer has informed me that missing deeds insurance is necessary on my purchase. What is the level of cover for Elephant and Castle conveyancing?
The appropriate level of missing deeds indemnity insurance depends on who your lender is. It would differ for example between Accord Mortgages Ltd and Skipton Building Society. Conveyancing practitioners as opposed to members of the public take out such policies.
My fiancee and I are in the process of viewing apartments in Elephant and Castle and I am about to put in an offer. Is it too early to have a solicitor in place? I am planning to take a home loan with Skipton.
It would be advisable to commence your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and pass their details on to the estate agent. Given that you are obtaining a mortgage with Skipton, ask your prospective lawyers if they are on the Skipton conveyancing panel otherwise they can't do the mortgage legal work.
My offer on a semi in Elephant and Castle has been accepted, but there is a chain. The owners have placed an offer on somewhere, but it’s not yet agreed to, and have viewings of other properties booked. I have instructed a high street conveyancing solicitor in Elephant and Castle. What do I do now? At what point should I apply for the mortgage with Skipton?
It is usual to have anxieties where there is a chain as you are unlikely to want to incur costs too early (home loan application is approx one thousand pounds, then survey, Elephant and Castle conveyancing search fees, etc). The first course of action is to ensure that your solicitor is on the Skipton approved list. Regarding the next steps this very much depends on the uniqueness of your transaction, desire for this property and on the state of the market. During a hot market many home buyers will apply for the mortgage with Skipton and arrange for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to move forward with searches.
I have todayfound out that Arc property Solicitors have been shut down. They conducted my conveyancing in Elephant and Castle for a purchase of a leasehold apartment 12 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest way to see if the premises is registered to you, 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 Elephant and Castle conveyancing specialists.
I am buying a new build apartment in Elephant and Castle. Conveyancing is necessary evil 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 few leasehold new build questions that you may expect your new-build leasehold conveyancing in Elephant and Castle
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I am looking for a leasehold apartment up to £235,500 and identified one near me in Elephant and Castle I like with a park and railway links nearby, however it's only got 51 years on the lease. I can't really find anything else in Elephant and Castle in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage that many years may be an issue. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
What does commercial conveyancing in Elephant and Castle cover?
Non domestic conveyancing in Elephant and Castle covers a wide range of guidance, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
My husband and I are new on the property ladder - had an offer accepted, yet the agent informed us that the owners will only issue a contract if we instruct their preferred lawyers as they want a ‘quick sale’. My instinct tells me that we should use a high street solicitor with experience of conveyancing in Elephant and Castle
We suspect that the owner is unaware of this requirement. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Contact the owners directly and make sure they comprehend that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you are going to instruct your own,trusted Elephant and Castle conveyancing lawyers - not the ones that will give the estate agent a kickback or achieve conveyancing thresholds pre-set by head office.