Having been told to check out your organisation we were going to go ahead with a conveyancing solicitor in Sidcup listed by you but stumbled across some other costs illustrations via the web look cheaper – why is this?
One can find numerous conveyancing organisations promoting supposedly cheap conveyancing, unfortunately it’s common in such cases for additionalfees end up with the final invoice being escalated. According to the Legal Ombudsman fees listed in terms of business should be transparent and reasonable and be applied The law firms that we list for conveyancing in Sidcup genuinely set out all costs for the property you intend topurchase.
Do the conveyancing lawyers listed on your site perform conveyancing in Sidcup by way of an attended exchange?
There are a few conveyancing experts who can conduct attended exchanges. You should e-mail us to obtain a conveyancing quote and details as to dates.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a house in Sidcup? or I am told that there is historic law that could mean that house owners living in a parish church boundary may be liable to pay for maintenance towards the chancel in proximity to the church. Is this applicable for conveyancing in Sidcup?
Unless a previous acquisition of the premises took place post 12 October 2013 you may assume that solicitors delivering conveyancing in Sidcup to continue to propose a a chancel search and or chancel repair liability insurance.
My husband and I are FTB’s - had an offer accepted, yet the selling agent informed us that the owners will only go ahead if we instruct their preferred solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local conveyancer accustomed to conveyancing in Sidcup
We suspect that the seller is unaware of this ultimatum. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is counter productive. Contact the sellers directly and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are chain free (d) you wish to move quickly (e)however you intend to use your own,trusted Sidcup conveyancing firm - rather thanthe ones that will give the negotiator at the agency a commission or achieve conveyancing targets set by HQ.
I am tempted by the attractive purchase price for a two maisonettes in Sidcup both have about 50 years left on the lease term. Do I need to be concerned?
There is no doubt about it. A leasehold flat in Sidcup is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it reduces the salability of the premises. For most purchasers and banks, leases with under 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Sidcup conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Sidcup conveyancing firm to assist?
if there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to determine the price.
An example of a Lease Extension decision for a Sidcup flat 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.
I am buying a flat mortgage free. My lawyer has been given with two distinct proof of photo ID, bank statement, endless utility bills. Now he needs a copy from a probate lawyer advising that the money is in order and that it has come from inheritance and not via illegitimate means.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Sidcup conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.