Do lenders provide you with an approved list of Priorslee conveyancing solicitors? How do you know who is on the Santander conveyancing panel?
Priorslee conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
I am planning on selling our house in Priorslee and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A high street Priorslee lawyer would know that there is no such problem. It does beg the question why the purchasers instructed an online conveyancing practice rather than a conveyancing solicitor in Priorslee. Having lived in Priorslee for six years we know of no issue. Should we get in touch with our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
About to purchase a new build flat in Priorslee. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Priorslee
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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. 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. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
What does commercial conveyancing in Priorslee cover?
Commercial conveyancing in Priorslee covers a wide range of guidance, supplied by regulated solicitors, relating to business premises. For instance, 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 loans and the termination of tenancies.
We're novice buyers - agreed a price, yet the selling agent has warned us that the vendor will only go ahead if we appoint the agent's chosen lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local solicitor used to conveyancing in Priorslee
We suspect that the seller is not behind this ultimatum. If they require ‘a quick sale', taking such a hostile approach to a motivated buyer is going to damage their objectives. Avoid the agents and go straight to the owners and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with finances in place © you are chain free (d) you wish to move quickly (e)but you are going to instruct your own,trusted Priorslee conveyancing lawyers - not the ones that will earn their estate agent a introducer fee or achieve conveyancing thresholds demanded by HQ.
I am attracted to a couple of flats in Priorslee which have approximately fifty years remaining on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Priorslee. The lease is a right to use the property for a period of time. As a lease shortens the saleability of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this field.
Priorslee Leasehold Conveyancing - Sample of Queries before buying
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Who is in charge of the block? You will want to find out as much as possible regarding the company managing the building as they can either make life much simpler or much more difficult. As the owner of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to day to day matters like the cleanliness of the communal areas. You should not be shy to ask other people if they are happy with their management. In conclusion, investigate as to the dates that the service charges are due to the appropriate party and specifically how they are spending the funds. Please note that where the lease has less than eighty years it will have adverse implications on the value of the property. Check with your bank that they are content with remaining years on the lease. Leases with less than 80 years remaining means that you will probably need a lease extension sooner rather than later and you need to have some idea of what this will be. For most Priorsleelease extensions you will need to own the premises for a couple of years in order to be entitled to extend the lease.