My wife and I are about to exchange on the purchase of a property in Ewloe but as a result of wreckage from the recent storms I have managed to agree compensation from the vendor of £3k by way of a adjustment in the price. This was going to be addressed as part of amending the contract yet Kent Reliance are not allowing this. Should they have been involved?
The solicitor being on the Kent Reliance approved list is duty bound to disclose to Kent Reliance of any changes to the purchase price. If you prohibit your lawyer to disclose the price change to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new lawyer for your conveyancing in Ewloe.
Me and my partner are buying a property in Ewloe. It might be a silly question but how we can trust a solicitor? At some point we will need to deposit our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
is it true that all Ewloe solicitor firms on the TSB conveyancing panel are regulated by the SRA?
As a firm of solicitors, in order to be on the TSB approved list of solicitors they would need to be governed by the Solicitors Regulatory Authority. The majority of mortgage companies do permit licenced conveyancers on their panel and in such a situation the firms would be regulated by the CLC.
We have agreed to purchase a house in Ewloe. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Yorkshire BS be concerned?
Given that your lender is Yorkshire BS your lawyer must comply with the conveyancing requirements outlined in Part two of UK Finance Lenders’ Handbook for Yorkshire BS. The Council of Mortgage Lenders’ Handbook contains minimum conditions for solar panel roof-space leases, and solicitors are required to report to Yorkshire BS where a lease fails to meet these specifications. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Ewloe.
How does conveyancing in Ewloe differ for newly converted properties?
Most buyers of new build or newly converted property in Ewloe approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is completed. This is because developers in Ewloe usually buy the site, 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 conveyancers 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 used to new build conveyancing in Ewloe or who has acted in the same development.
I am looking for a ground for flat up to £305k and identified one round the corner in Ewloe I like with a park and transport links nearby, however it's only got 51 years unexpired on the lease. I can't really find anything else in Ewloe for this price, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 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 current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
I am downsizing from my home. My past conveyancers have shut. It would be helpful to have a recommendation of a conveyancing firm. I happen to live in Ewloe if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Ewloe. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I am employed by a busy estate agent office in Ewloe where we have witnessed a few leasehold sales jeopardised due to leases having less than 80 years remaining. I have received contradictory information from local Ewloe conveyancing firms. Could you clarify whether the seller of a flat can initiate the lease extension process for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Ewloe Leasehold Conveyancing - Sample of Questions you should consider before Purchasing
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It would be a good idea to investigate if there are any onerous restrictions in the lease. By way of example some leases prohibit pets being allowed in certain buildings in Ewloe. If you like the propertyin Ewloe yet your cat is not allowed to make the move with you then you have a very hard choice. It is important to be aware whether fixing the lift or some other major work is due in the near future that will be shared amongst the tenants and will materially impact the level of the service charges or necessitate a specific invoice. This question is useful as a) areas could cause problems for the block as the common areas may begin to deteriorate if services remain unpaid b) if the tenants have a dispute with the running of the building you will want to have full disclosure