Are you able to vouch for a Bank of Ireland allowed New Beckenham conveyancing lawyer who can have us moved in within a short deadline? Would it be better to use a local New Beckenham conveyancer or an internet comparison site?
We would be happy to suggest some excellent New Beckenham conveyancing firms. You can also walk up the main road in New Beckenham. Go in to some well established firms and request to speak with a conveyancing solicitor for a costs illustration. Explain your deadline together with the reasons and get a commitment on your deadline. Choose the lawyer that you trust.
I have been told that property searches are the primary cause of hinderance in New Beckenham conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Searches are not likely to be the root cause of holding up conveyancing in New Beckenham.
I'm purchasing a new build house in New Beckenham with a mortgage from Virgin Money. The developers refused to reduce the price so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not to tell my lawyer about this side-deal as it will jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a ground for flat up to £245,000 and identified one near me in New Beckenham I like with amenity areas and transport links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in New Beckenham suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a home loan that many years will likely be a potential deal breaker. 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 2 years you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
Hoping to buy a property located in New Beckenham and I am already nervous. I couldn't find anything specific about New Beckenham. Conveyancing will be needed in due course but do you know about the New Beckenham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at New Beckenham. In the meantime here are some basic statistics that we found
I am employed by a long established estate agency in New Beckenham where we have experienced a number of flat sales derailed due to leases having less than 80 years remaining. I have received conflicting advice from local New Beckenham conveyancing firms. Could you confirm whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to 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 wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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.
My wife and I have hit a brick wall in negotiating a lease extension in New Beckenham. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We can put you in touch with a New Beckenham conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a New Beckenham premises is 26 Manor Road in July 2010. the Tribunal decided that price to be paid for the freehold was £12,420 This case related to 2 flats. The remaining number of years on the lease was 76.75 and 88.83.