Completed the sale of my flat in Lea Bridge last May yet the purchaser is telephoning every few hours to say his solicitor needs to hear from myconveyancer. What should my lawyer have done following completion?
After completion of your disposal your lawyer is duty bound to forward the transfer deeds and all supplemental paperwork to the purchaser's solicitors. If applicable, your lawyer must also evidence that the mortgage has been repaid to the buyers solicitors. There are no post completion steps specific conveyancing in Lea Bridge.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Lea Bridge?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Lea Bridge. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one near me in Lea Bridge I like with open areas and station in the vicinity, however it only has 52 remaining years left on the lease. I can't really find anything else in Lea Bridge suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan that many years will 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 existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
Given that I will soon spend £400,000 on a property in Lea Bridge I would like to talk to a solicitor concerning theconveyancing in advance of giving the go ahead to the firm. Is this something that you can arrange?
This is something that we encourage - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer due to be carrying out your property ownership legalities in Lea Bridge.There is no ‘factory style conveyancing’ - each client is unique individual, not a case reference. The practices that we put you in touch with believe that the fees you are quoted for residential conveyancing in Lea Bridge should be the amount on the final invoice that you are charged.
I need to find a conveyancing solicitor for leasehold conveyancing in Lea Bridge. I happened to discover a site which appears to be the ideal offering If there is a chance to get all formalities done via email that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you provide any top tips for leasehold conveyancing in Lea Bridge with the purpose of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Lea Bridge can be reduced where you get in touch lawyers the minute your agents start marketing the property and request that they start to put together the leasehold information which will be required by the buyers’ representatives. If you have carried out any alterations to the property would they have required Landlord’s permission? Have you, for example installed wooden flooring? Most leases in Lea Bridge state that internal structural alterations or addition of wooden flooring necessitate a licence from the Landlord acquiescing to such works. Should you fail to have the paperwork to hand you should not communicate with the landlord without contacting your conveyancer in advance. If there is a history of conflict with your freeholder or managing agents it is very important that these are settled before the property is put on the market. The buyers and their solicitors will be concerned about purchasing a property where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the purchasers, but it is better to present the dispute as historic as opposed to unsettled. Some Lea Bridge leases require Licence to Assign from the landlord. If this is the case, you should place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their solicitors.
We have reached the end of our tether in trying to purchase the freehold in Lea Bridge. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We are happy to put you in touch with a Lea Bridge conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Lea Bridge premises 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 was in relation to 10 flats. The remaining number of years on the lease was 71.25 years.