My partner and I are buying our first property. Our conveyancer has contact usto see if we wish to order extra conveyancing searches. Unfortunately we in the dark as to what's necessary for conveyancing in South Kensington
The quantity and type of South Kensington conveyancing searches should be dictated primarily on the premises, the location, the probability of any of these risks, your familiarity of the area and risks, your general approach to risk. What matters is that you properly comprehend what information each search could provide. You may then make a decision if you consider that you need that search. If uncertain, ask the conveyancing practitioner to advise.
What does a local search tell me about the house my wife and I buying in South Kensington?
South Kensington conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company such as Xpress Legal The local search plays an important part in many a South Kensington conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search should supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
Due to the advice of my in-laws I had a survey completed on a house in South Kensington before instructing conveyancers. I have been told that there is a flying freehold element to the house. The surveyor has said that some lenders will refuse to grant a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in South Kensington. Conveyancing may be slightly more expensive based on your lender's requirements.
My company is hoping to lease a unit on a shopping parade. Can you recommend conveyancers offering fixed charges for non-domestic conveyancing in South Kensington for less than £1,200?
We can recommend firms who host a wealth of experience of commercial conveyancing in South Kensington, including the sale and acquisition of businesses as well as simply premises. Whether you are looking to buy or sell a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right firm. Regarding the costs these will vary based on the structure and heads of terms of the deal. Please provide us with your details or call so as to enable us to provide you with comprehensive commercial conveyancing calculation.
There are only 72 years left on my lease in South Kensington. I now wish to extend my lease but my freeholder is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to prove that you or your lawyers have done all that could be expected to find the lessor. On the whole a specialist should be useful to conduct investigations and to produce a report to be used as proof that the landlord can not be located. It is advisable to get professional help from a solicitor both on investigating the landlord’s absence and the vesting order request to the County Court covering South Kensington.
I am the registered owner of a a ground floor purpose built flat in South Kensington. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
if there is a missing landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to make a decision on the sum to be paid.
An example of a Lease Extension case for a South Kensington premises is Flat 16 21/22 Stanhope Gardens in November 2010. the Leasehold Valuation Tribunal concluded that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993, was £106,975 This case affected 1 flat. The remaining number of years on the lease was 51.93 years.
My partner and I are acquiring a studio flat in South Kensington. When we first instructed solicitor, they assured us that they were on all mainstream mortgage company panels. The mortgage broker called yesterday to advise that they are not on the Coventry BS approved list. Were it to be true, what should we do? Should we simply choose a new conveyancer that is on their approved list or should we pay for dual representation, with Coventry BS selecting their own preferred property lawyer.
Where you are buying a property requiring a mortgage it is usual for the buyer’s solicitors to also represent the purchaser's lender. In order to act for a bank or building society a conveyancing practitioner has to be on that lender's conveyancing panel. An application has to be made by the solicitor to the lender to become a member of the lender's panel and there are increasingly strict conditions which the conveyancing practitioner has to satisfy. Some building societies now insist their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your conveyancing practitioner should contact Coventry BS to find out if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own solicitors to act. You don't have to instruct a firm on Coventry BS's conveyancing panel and you may continue to use your own South Kensington solicitors, in which case your legal fees may increase, and it will likely delay the transaction as you have another set of people involved.