I am in need of a property lawyer. Do I opt for a web based conveyancer or a family South Norwood conveyancing solicitor?
Generally conveyancing lawyers in your location will have strong relationships with your local authority, which can help with the South Norwood conveyancing searches that your conveyancer will require. It also helps if they have strong connections with the Local Land Registry Office your area South Norwood, other property lawyers in the location and South Norwood Estate Agents.
The sellers of the property we are purchasing hired a conveyancing practitioner in South Norwood who has insisted on a exclusivity contract with a deposit of 5k. Are such contracts recommended for South Norwood conveyancing transactions?
Exclusivity agreements are agreements binding a home seller and purchaser granting the buyer a ‘clear field’ to purchase the premises within a prescribed time frame. For all intents and purposes, an exclusivity agreement is a contract stating that you should receive a contract at a later date which is the contract for the actual sale. It is generally utilised for buyer assurance though in some cases, the seller may enjoy an upside from such agreements as well. There are numerous positives and negatives to having them but you need to check with your solicitor but note that it may result in costing you more in conveyancing fees. For this these agreements are not popular in relation to conveyancing in South Norwood.
We're in South Norwood, First time buyers buying with a mortgage (lender is Lloyds , and our solicitor is on the Lloyds conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Lloyds conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I have todaybecome aware that Arc property Solicitors have been shut down. They conducted my conveyancing in South Norwood for a purchase of a freehold house 18 months ago. How can I establish that my home is registered correctly in the name of the previous owner?
The quickest way to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of South Norwood conveyancing specialists.
I am looking to sell my home. My former conveyancers closed down. I am in need of a recommendation of a conveyancing firm. Im based in South Norwood if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in South Norwood. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.
I am employed by a reputable estate agency in South Norwood where we see a few leasehold sales put at risk as a result of short leases. I have received inconsistent advice from local South Norwood conveyancing firms. Please can you clarify whether the owner of a flat can initiate the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
An alternative approach is 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 have attempted and failed to negotiate with my landlord to extend my lease without success. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a South Norwood conveyancing firm to act on my behalf?
in cases where there is a missing freeholder or if there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to decide the premium.
An example of a Lease Extension case for a South Norwood property is Flats 55, 67 & 70 Melbourne Court Anerley Road in July 2013. The tribunal calculated that the premium for the extended lease at £48,366.00 for at 55, and £88,329.00 for ats 67 and 70 combined. This case was in relation to 1 flat. The unexpired residue of the current lease was 26.38 years.