I need some quick conveyancing in Forest Hill as I am under an ultimatum to exchange contracts within one month. Thankfully I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
If.Given you are not getting a mortgage you are at free not to do searches although no conveyancer would recommend that you don't. Drawing on years of experience of conveyancing in Forest Hill the following are examples of what can be revealed and therefore affect market value: Refused Planning Applications, Outstanding Fees, Overdue Grants, Unadopted Roads,...
I have a semi-detached Victorian property in Forest Hill. Conveyancing solicitor represented me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold under the exact same address. Is it worth asking Barnsley Building Society to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Forest Hill and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing practitioner who conducted the conveyancing.
I am buying a new build apartment in Forest Hill. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Forest Hill
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Forfeiture - bankruptcy or liquidation must not apply under this provision. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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.
My husband and I are new on the property ladder - agreed a price, yet the agent told us that the seller will only proceed if we instruct the agent's preferred conveyancers as they need a ‘quick sale’. We would rather use a high street solicitor accustomed to conveyancing in Forest Hill
We suspect that the owner is not behind this ultimatum. If they want ‘a quick sale', taking such a hostile approach to a motivated purchaser is counter productive. Contact the owners directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)however you will continue to use your preferred Forest Hill conveyancing solicitors - as opposed tothe ones that will provide the negotiator at the agency a commission or meet his conveyancing thresholds pre-set by senior management.
I today plan to offer on a house that seems to be perfect, at a reasonable figure which is making it all the more appealing. I have subsequently discovered that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Forest Hill. Conveyancing advisers have are about to be appointed. Will my lawyers set out the implications of buying a leasehold house in Forest Hill ?
The majority of houses in Forest Hill are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. It is clear that you are buying in Forest Hill so you should seriously consider looking for a Forest Hill conveyancing practitioner and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the freeholder’spermission to conduct changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your solicitor will report to you on the legal implications.
I am the registered owner of a garden flat in Forest Hill. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the premium due for a lease extension?
in cases where there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to assess the price.
An example of a Lease Extension decision for a Forest Hill residence is Flat 1 40-42 Ewelme Road in August 2012. the Tribunal assessed the premium for the lease extension in the sum of £11,800 This case was in relation to 1 flat. The unexpired lease term was 61.81 years.
I need to consider costs for conveyancing in Forest Hill from numerous lawyer and appoint one. Am I right to instruct them to hold tight until I a suitable flat to buy.
You should only ask your property lawyer to open a file and submit searches once the offer has been agreed to on the property especially as Forest Hill conveyancing searches are not inexpensive.