We note that you have a post code search directory identifying law firms on the TSB conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Old Coulsdon?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Old Coulsdon.
My flat in Old Coulsdon is up for sale and I have accepted an offer. Does my lawyer need to be required to be on the Barclays conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently currently.
Should our lawyer be raising enquiries concerning flooding during the conveyancing in Old Coulsdon.
Flooding is a growing risk for conveyancers dealing with homes in Old Coulsdon. Plenty of people will acquire a property in Old Coulsdon, fully aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not best placed to impart advice on flood risk, however there are a numerous checks that may be carried out by the purchaser or by their conveyancers which will give them a better appreciation of the risks in Old Coulsdon. The standard completed inquiry forms supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the vendor to determine if the property has suffered from flooding. In the event that the premises has been flooded in past which is not disclosed by the seller, then a buyer may issue a compensation claim as a result of such an misleading reply. A purchaser’s solicitors may also order an enviro search. This will reveal if there is any known flood risk. If so, further investigations should be conducted.
I am looking for a leasehold apartment up to £245,000 and identified one close by in Old Coulsdon I like with open areas and transport links nearby, the downside is that it only has 51 remaining years left on the lease. There is not much else in Old Coulsdon in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
What does commercial conveyancing in Old Coulsdon cover?
Commercial conveyancing in Old Coulsdon incorporates a broad range of services, offered by qualified solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Expecting to exchange soon on a leasehold property in Old Coulsdon. Conveyancing lawyers inform me that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Old Coulsdon should include some of the following:
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Do you need to have carpet in the flat or are you allowed wood flooring? Repair and maintenance of the property Details of the parties to the lease, for instance these could be the (you), superior lessor, landlord It needs to be made clear to you if the lease permits you to alter or upgrade anything in the flat- you must know whether it applies to all alterations or limited to structural alteration, and whether permission is mandated necessary
I have tried to negotiate informally with with my landlord to extend my lease without success. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Old Coulsdon conveyancing firm to assist?
Where there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to make a decision on the price.
An example of a Freehold Enfranchisement decision for a Old Coulsdon flat is 223 Brighton Road in September 2013. The premium payable for the acquisition freehold of the properties should be £10,934 (Ten thousand,nine hundred and thirty four pounds) This case related to 3 flats. The unexpired lease term was 75 years.