I have justbeen informed that Arc property Solicitors have been shut down. They conducted my conveyancing in Lea Bridge for a purchase of a leasehold apartment 10 months ago. How can I check that my home is in my name in the name of the previous owner?
The quickest method to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Lea Bridge conveyancing specialists.
How does conveyancing in Lea Bridge differ for newly converted properties?
Most buyers of new build property in Lea Bridge contact us having been asked by the developer to sign contracts and commit to the purchase even before the premises is constructed. This is because new home sellers in Lea Bridge tend to buy the real estate, 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 accustomed to new build conveyancing in Lea Bridge or who has acted in the same development.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Lea Bridge is the location of the property. Is there any guidance you can impart?
Flying freeholds in Lea Bridge are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lea Bridge you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lea Bridge may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Am I better off to use a Lea Bridge conveyancing solicitor in close proximity to the house I am buying? An old friend can deal with the conveyancing but her office is 300miles away.
The primary upside of using a high street Lea Bridge conveyancing firm is that you can attend the office to execute paperwork, hand in your ID and pester them where appropriate. They will also have local intelligence which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If other friends have used your friend and in the main were impressed that should outweigh using an unknown Lea Bridge conveyancing solicitor just because they are round the corner.
I've recently bought a leasehold house in Lea Bridge. Am I liable to pay service charges for periods before my ownership?
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. Strange as it may seem, 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 am the leaseholder of a second floor flat in Lea Bridge. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum payable for a lease extension?
Absolutely. We can put you in touch with a Lea Bridge conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Lea Bridge flat is 104 Nightingale Road in May 2009. The Tribunal's Decision is that the premium torbe paid for the enfranchisement in this case is £112,174 This case related to 10 flats. The number of years remaining on the existing lease(s) was 71.25 years.
What are the distinct advantages to selecting a high street conveyancer in Lea Bridge
Home movers in Lea Bridge prefer a nearby high street lawyer so that they can visit just in case they have concerns, and to execute documents without using the post.
There is a distinct benefit when selecting a property lawyer local to a house you are planning to purchase, due to the knowledge of the region and possible local concerns - however this is moot. Most conveyancers carry out their work by way of email and may be almost anywhere.