My partner and I are getting closer to an exchange on a flat in New Eltham and my parents have transferred the exchange deposit to my solicitor. I am now told that as the deposit has not arrived from me my property lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
The conveyancer is legally required to clarify with the bank to ensure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.
I am buying a new build apartment in New Eltham. 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 conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in New Eltham
-
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. 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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. 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.
I have been advised by a few property agents in New Eltham to select a solicitor using your seach tool. Is there a financial incentive for Estate Agents to offer your services over a competitor’s?
We refuse to give any commission for sending work in our direction. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
As co-executor for the estate of my father I am selling a house in Neath but live in New Eltham. My lawyer (who is 260 kilometers awayhas requested that I execute a stat dec prior to the transaction finalising. Can you recommend a conveyancing practitioner in New Eltham who can attest and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are New Eltham based
I am on look out for some leasehold conveyancing in New Eltham. Before diving in I would like to find out the unexpired term of the lease.
If the lease is registered - and almost all are in New Eltham - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a New Eltham conveyancing firm to help?
Most certainly. We are happy to put you in touch with a New Eltham conveyancing firm who can help.
An example of a Lease Extension case for a New Eltham property is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case related to 1 flat.
Is it true that a New Eltham conveyancing solicitor got sued by clients for not carrying out the appropriate conveyancing investigations?
Our attention has not be brought to such a New Eltham conveyancing claim but it has been reported that, a couple purchasing a house elsewhere in England successfully sued their lawyer due to development permission to erect a wind farm failing to be identified in conveyancing searches.
Where you are purchasing in New Eltham It is critical that your solicitor carry out all New Eltham conveyancing searches needed to ensure you have accurate and up to date information ahead of buying a home in New Eltham.