I'm the sole recipient of my late mum's will and I have everything in my name now, including the house in Lisson Grove. The Lisson Grove property was put into my name in December. I plan to dispose of the house. I understand that there is a CML six month 'rule', meaning my proprietorship could be treated the same way as if I'd bought the house in December. Will no one buy the property for half a year?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. many banks would take a practical view as this clause primarily exists to pick up on the purchase and immediately sell or the flipping of property.
How can we tell if a Lisson Grove conveyancing solicitor on the Santander panel is any good?
When it comes to conveyancing in Lisson Grove getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advocate that you speak with the solicitor conducting your conveyancing.
My partner and I have arranged a further advance on our home loan from Lloyds as we intend to carry out a loft conversion to our property in Lisson Grove. Do we need to choose a bricks and mortar Lisson Grove solicitor on the Lloyds conveyancing panel to handle the paperwork?
Lloyds do not ordinarily appoint firms on their conveyancing panel to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds conveyancing panel.
What does a local search tell me regarding the property we're buying in Lisson Grove?
Lisson Grove conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for example PSG The local search plays an important part in most Lisson Grove conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your new home. The search should reveal information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I am buying a new build apartment in Lisson Grove. Conveyancing is daunting 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 legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Lisson Grove
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. 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. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one near me in Lisson Grove I like with open areas and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Lisson Grove in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan that many years will likely be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
In what way can the Landlord & Tenant Act 1954 impact my business premises in Lisson Grove and how can your lawyers assist?
The 1954 Act provides a safeguard to business leaseholders, granting the legal entitlement to apply to court for a new lease and continue in occupation when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Lisson Grove
My husband and I are novice buyers - had an offer accepted, but the estate agent told us that the owners will only go ahead if we appoint the agent's preferred solicitors as they want an ‘expedited deal’. My instinct tells me that we should use a family conveyancer accustomed to conveyancing in Lisson Grove
It is unlikely the vendors are behind this. If they desire ‘a quick sale', taking such a hostile approach to a serious buyer is not the way to achieve this. Avoid the agents and go straight to the owners and explain that (a)you are serious buyers (b)you are excited to move forward, with finances arranged © you are chain free (d) you wish to move quickly (e)but you intend to instruct your own,trusted Lisson Grove conveyancing lawyers - not the ones that will give their estate agent a commission or meet his conveyancing figures set by HQ.