How up to date is your database of Sidcup solicitors on the Coventry BS conveyancing panel? Do Coventry BS send you an updated list?
Sidcup conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
Is there a search tool that I can utilise to check that the solicitor conducting my conveyancing in Sidcup is on the bank’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus spending £175.00 in another set of legal costs.
Please do take advantage of the search tool on this web page. Pick the mortgage company and type ‘Sidcup’ or your location and you will see a number of lawyer located in Sidcup or nearest you.
Will commercial conveyancing searches disclose impending roadworks that could affect a commercial premises in Sidcup?
Its becoming the norm that commercial conveyancing solicitors in Sidcup will perform a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in looking into accurate data on highways that impact buildings and development assets in Sidcup. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Sidcup.
For every commercial conveyancing transaction in Sidcup it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Sidcup commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Sidcup.
I opted to have a survey done on a property in Sidcup ahead of appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some banks may refuse to issue a mortgage on this type of property.
It varies from the lender to lender. Bank of Scotland has different requirements from Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Sidcup. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Sidcup to see if the conveyancing costs will increase in light of this.
I am employed by a busy estate agent office in Sidcup where we see a number of leasehold sales jeopardised as a result of short leases. I have received contradictory information from local Sidcup conveyancing firms. Could you clarify whether the owner of a flat can commence the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 buyer.
I inherited a ground floor flat in Sidcup. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
Absolutely. We can put you in touch with a Sidcup conveyancing firm who can help.
An example of a Lease Extension case for a Sidcup residence 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.
My wife and I expecting to complete on the purchase a property in Sidcup but as a consequence of damage from the recent storms I have agreed recompense from the owner of £3k taking the form of a reduction in the price. This was going to be addressed as part of the conveyancing process however my bank will not permit this. Should they have been informed?
Any conveyancing practitioner being on the bank approved list is obliged to disclose to the mortgage company of any amendments to the purchase figure. If you were to refuse your conveyancing practitioner to disclose the reduction to your mortgage company then they would have to disinstructing themselves from acting for you and the mortgage company.