As I am unsure how the conveyancing process works what is the most important advice you can give me regarding purchase conveyancing in Elephant and Castle?
You may not hear this from too many lawyers but conveyancing in Elephant and Castle or throughout England and Wales is an adversarial process. Put another way, when it comes to conveyancing there exists plenty of opportunity for friction between you and other parties involved in the home moving process. For example, the vendor, selling agent and even potentially the bank. Choosing a solicitor for your conveyancing in Elephant and Castle is a critical decision as your conveyancer is your adviser, and is the ONE party in the legal process whose role it is to act in your legal interests and to protect you.
On occasion a third party with a vested interest may try and convince you that it is in your interests to do things their way. As an example, the selling agent may claim to be assisting by suggesting your conveyancer is slow. Or your mortgage broker may tell you to do something that is contrary to your lawyers guidance. You should always trust your lawyer above all other parties in the home moving process.
I am considering applying for a Kent Reliance mortgage for purchase of a newly converted (under development) in Elephant and Castle with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Kent Reliance ?
In theory, you could use a solicitor that is not on the Kent Reliance conveyancing panel, but Kent Reliance would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I am buying a new build flat in Elephant and Castle. Conveyancing is a frightening process 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 conveyancing.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Elephant and Castle
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I opted to have a survey completed on a house in Elephant and Castle ahead of appointing solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies tend not issue a mortgage on a flying freehold house.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. If you contact us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Elephant and Castle. Conveyancing will be smoother if you use a solicitor in Elephant and Castle especially if they are familiar with such properties in Elephant and Castle.
In what way can the Landlord & Tenant Act 1954 affect my business property in Elephant and Castle and how can your lawyers assist?
The particular law that you refer to gives protection to business leaseholders, granting the dueness to apply to court for a new lease and remain in occupation at the end of the lease term. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing firms who use the act for protection and help with commercial conveyancing in Elephant and Castle
Having had my offer accepted I require leasehold conveyancing in Elephant and Castle. Before diving in I require certainty as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Elephant and Castle - 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.
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Elephant and Castle conveyancing firm to assist?
Most definitely. We are happy to put you in touch with a Elephant and Castle conveyancing firm who can help.
An example of a Lease Extension decision for a Elephant and Castle residence is Ground Floor Flat 39 Bronsart Road in May 2010. Following a vesting order by West London County Court the Leasehold Valuation Tribunal concluded that the price to be paid for the extended lease of the premises was Thirteen Thousand Two hundred pounds (£13,200) in accordance with the valuation. The extended lease was granted for a term of 90 years from the expiry date of the Lease and at a peppercorn ground rent from the date of the vesting order. This case was in relation to 1 flat. The unexpired lease term was 74.77 years.