My wife and I are nearing an exchange on a flat in Lower Morden and my mum and dad have transferred the 10% deposit to my conveyancer. I am now informed that as the deposit has not arrived from me my conveyancer needs to disclose this to my bank. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I disclosed to the bank concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancing practitioner is obliged to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
We are selling our house in Lower Morden and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Lower Morden lawyer would know that there is no such problem. For the life of me I don't know why the buyers used a nationwide conveyancing outfit rather than a conveyancing solicitor in Lower Morden. Having lived in Lower Morden for six years we know that this is a non issue. Should we get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
Just had an offer accepted on a new build flat in Lower Morden. 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 enquiries that you should expect your new-build leasehold conveyancing in Lower Morden
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Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I have been on the look out for a ground for flat up to £235,500 and identified one near me in Lower Morden I like with amenity areas and railway links in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in Lower Morden for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a mortgage that many years will be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
My company is planning to lease a unit on a shopping parade. Can you recommend lawyers offering fixed fees for non-domestic conveyancing in Lower Morden for below £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Lower Morden, including the disposal and purchase of businesses as well as simply premises. If you are intending to acquire or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right lawyer. Regarding the fees this will depend on the structure and nuances of the proposed transaction. Please provide us with your details or email us so that we may provide you with comprehensive commercial conveyancing quote.
Can you offer any advice when it comes to finding a Lower Morden conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for your lease extension (regardless if they are a Lower Morden conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you speak with several firms including non Lower Morden conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
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What are the charges for lease extension work?
Following years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Lower Morden. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We are happy to put you in touch with a Lower Morden conveyancing firm who can help.
An example of a Lease Extension case for a Lower Morden premises is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case related to 1 flat. The unexpired term as at the valuation date was 60.43 years.