I can't travel far from Honor Oak. What is the rationale as to why all Honor Oak solicitors are not on all bank panels?
As inequitable as it may appear for banks to restrict who can represent them, from the public’s or conveyancer’s point of view, the other side of the coin is that mortgage companies are becoming ever more anxious and feel it necessary to protect them against mortgage fraud. As a result of this concern mortgage companies have consolidated their panel of approved conveyancing lawyers to a manageable size.
Will commercial conveyancing searches disclose proposed roadworks that may affect a commercial estate in Honor Oak?
Its becoming the norm that commercial conveyancing solicitors in Honor Oak will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Honor Oak. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Honor Oak.
For every commercial conveyancing transaction in Honor Oak it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can cause delays to Honor Oak commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for domestic conveyancing in Honor Oak.
About to purchase a new build flat in Honor Oak. 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 legal work.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Honor Oak
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Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. 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.
Due to the input of my in-laws I had a survey completed on a property in Honor Oak prior to retaining lawyers. I have been told that there is a flying freehold element to the house. My surveyor has said that some banks may refuse to give a loan on such a property.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Honor Oak. Conveyancing may be slightly more expensive based on your lender's requirements.
My partner has recommend that I appoint his lawyers for conveyancing in Honor Oak. Do I follow his advice?
There are no two ways about it it’s preferable to choose a conveyancing lawyer is to have feedback from friends or relatives who have used the conveyancer that you are considering.
I've recently bought a leasehold house in Honor Oak. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have given up trying to purchase the freehold in Honor Oak. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We can put you in touch with a Honor Oak conveyancing firm who can help.
An example of a Lease Extension decision for a Honor Oak property 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 affected 1 flat. The number of years remaining on the existing lease(s) was 61.81 years.