A colleague pointed out to me me that in purchasing a property in Motspur Park there may be various restrictions as to what one can do in terms of external changes to the property. Is this right?
There are anumerous of properties in Motspur Park which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Motspur Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My lawyer has informed me that lack of right of way insurance is necessary on my purchase. What is the level of cover for Motspur Park conveyancing?
The right level of lack of right of way indemnity insurance should be dictated by who who your lender is. It would differ for example between Santander and The Royal Bank of Scotland. Conveyancing practitioners as opposed to members of the public take out such insurances.
It is unclear whether my mortgage offer requires a lease extension. I have telephoned my Motspur Park bank branch on numerous occasions and was reassured it wasn't an issue and they would lend. My Motspur Park conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they refuse to lend in accordance with their specific requirements. Who do I believe?
As long as the conveyancing practitioner is on the mortgage company approved list, they must adhere to the Council of Mortgage Lenders’ Handbook requirements for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Will my lawyer be raising enquiries regarding flooding as part of the conveyancing in Motspur Park.
Flooding is a growing risk for lawyers carrying out conveyancing in Motspur Park. There are those who purchase a property in Motspur Park, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Solicitors are not qualified to offer advice on flood risk, however there are a number of checks that may be carried out by the buyer or on a buyer’s behalf which will figure out the risks in Motspur Park. The conventional set of information supplied to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual question of the owner to find out whether the property has suffered from flooding. In the event that the property has been flooded in past which is not revealed by the seller, then a buyer may commence a compensation claim stemming from an incorrect response. A buyer’s lawyers should also conduct an enviro report. This should disclose if there is a recorded flood risk. If so, more detailed investigations should be made.
How does conveyancing in Motspur Park differ for newly converted properties?
Most buyers of new build premises in Motspur Park come to us having been asked by the builder to sign contracts and commit to the purchase even before the premises is constructed. This is because developers in Motspur Park usually acquire 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 conveyancing solicitors 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 used to new build conveyancing in Motspur Park or who has acted in the same development.
How easy is it to switch solicitor as I have to find one who is on the Godiva Mortgages Ltd conveyancing panel. I was using a high street conveyancing solicitor in Motspur Park round the corner but the firm is not accepted by Godiva Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Motspur Park on the Godiva Mortgages Ltd panel. Please note that the property lawyers that we list do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in Motspur Park. In making use of search facility on this site, you can contrast fees for conveyancing solicitors in Motspur Park and throughout England and Wales.
If all goes to plan we aim to complete the disposal of our £300,000 apartment in Motspur Park next week. The freeholder has quoted £312 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Motspur Park?
Motspur Park conveyancing on leasehold flats usually requires the purchaser’s lawyer sending enquiries for the landlord to answer. Although the landlord is not legally bound to respond to such questions most will be willing to assist. They are entitled to invoice a reasonable charge for responding to questions or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is £350, in some transactions it exceeds £800. The management information fee demanded by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration charges, otherwise the charge is not strictly payable. In reality you have no choice but to pay whatever is demanded if you want to sell the property.
Having spent years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Motspur Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Motspur Park conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Motspur Park 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 was in relation to 1 flat. The unexpired lease term was 60.43 years.
Is it the case that all Motspur Park legal practices on every lender conveyancing panel?
You can use our search tool or you can drop into your high street lender branch in Motspur Park. Chances are that they will be in a position to recommend some approved conveyancing solicitors in Motspur Park