My solicitor has identified a a problem with the lease for the property we are purchasing in Greenhithe. The other side have put forward defective title insurance as a solution. We are content with insurance and will pay for it. Our property lawyer says that he must be satisfied that the mortgage company is content with this solution. Are we the client or is the bank?
Regardless of the fact that you have a mortgage offer from the mortgage company does not mean to say that the property will meet their specifications for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the lender are the client. These conveyancing instructions must be adhered to.
I require fast conveyancing in Greenhithe as I am faced with a deadline to sign on the dotted line in less than one month. Fortunately I do not require a mortgage. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to have searches carried out although no solicitor would suggest that you don't. Drawing on years of experience of conveyancing in Greenhithe the following are instances of what can crop up and therefore affect market value: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
About to purchase a new build apartment in Greenhithe. 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.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Greenhithe
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There must be mutual enforceability of lessee’s covenants. 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
Due to the advice of my in-laws I had a survey completed on a house in Greenhithe in advance of retaining conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor advised that some lenders will not give a mortgage on a flying freehold premises.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Greenhithe. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Greenhithe to see if the conveyancing costs will increase in light of this.
I am attracted to a couple of flats in Greenhithe which have approximately 50 years unexpired on the lease term. Do I need to be concerned?
There are plenty of short leases in Greenhithe. The lease is a right to use the property for a period of time. As the lease gets shorter the saleability of the lease deteriorates and results in it becoming more costly to extend the lease. For this reason it is advisable to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this arena.
Having spent years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Greenhithe. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a missing landlord or where there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to calculate the price payable.
An example of a Lease Extension matter before the tribunal for a Greenhithe residence is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case was in relation to 13 flats. The unexpired term was 76 years.
Online research suggests that Greenhithe solicitors are more costly than Greenhithe conveyancers in Greenhithe to use when buying a property. So is it better if I use a conveyancer or a solicitor if I am purchasing for my home move in Greenhithe.
When it comes to conveyancing in Greenhithe the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.