My property lawyer in Manor Park is not on the Aldermore Solicitor Panel. Can I still continue with my prefered solicitor even though they are not on the Aldermore panel?
Your options are as follows:
- Carry on with your existing Manor Park solicitors but Aldermore will need to use a solicitor on their panel. This will result in additional overall conveyancing fees as well as cause delays.
- Get a new solicitor to act in the conveyancing, remembering to check they are on the Aldermore panel
How does conveyancing in Manor Park differ for new build properties?
Most buyers of new build residence in Manor Park come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is built. This is because builders in Manor Park typically buy the land, 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 property lawyers 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 Manor Park or who has acted in the same development.
I decided to have a survey done on a house in Manor Park before appointing solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some lenders may not grant a loan on a flying freehold premises.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. If you contact us we can look into this further 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 Manor Park. Conveyancing will be smoother if you use a solicitor in Manor Park especially if they are accustomed to such properties in Manor Park.
How does the Landlord & Tenant Act 1954 affect my business offices in Manor Park and how can you help?
The particular law that you refer to provides protection to commercial leaseholders, granting the right to make a request to court for a new lease and continue in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Manor Park is one of our numerous areas of the UK in which the firms we work with have offices
I work for a long established estate agent office in Manor Park where we see a number of leasehold sales put at risk due to leases having less than 80 years remaining. I have received conflicting advice from local Manor Park conveyancing firms. Please can you shed some light as to whether the owner of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Manor Park conveyancing firm to assist?
Absolutely. We are happy to put you in touch with a Manor Park conveyancing firm who can help.
An example of a Lease Extension case for a Manor Park residence is 240 Strone Road in January 2014. the tribunal held that the price to be paid for the freehold interest was£23,538 of which£13,017 is attributable to the ground floor flat and £10,521 to the first floor flat. This case related to 2 flats. The unexpired lease term was 65.5 years.
Do I stop the direct debit for my mortgage with Leeds Building Society as soon as a completion date for my sale in Manor Park has been agreed?
You are best advised to continue meeting any mortgage payments to Leeds Building Society pending the mortgage being paid off out of the proceeds of sale as part of your Manor Park conveyancing.