What is the first thing I need to know regarding purchase conveyancing in Southfields?
You may not hear this from too many lawyers but conveyancing in Southfields or throughout England and Wales is an adversarial process. Put another way, when it comes to conveyancing there exists plenty of opportunity for friction between you and other parties involved in the transaction. For example, the vendor, property agent and sometimes your mortgage company. Appointing a lawyer for your conveyancing in Southfields is a critical decision as your conveyancer is your adviser, and is the SOLE party in the legal process whose role it is to look after your legal interests and to protect you.
Sometimes a third party with a vested interest may try and persuade you that it is in your interests to do things their way. As an example, the selling agent may claim to be helping by suggesting your lawyer is dragging his heels. Or your financial adviser may advise you to do take action that is against your lawyers recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
How does conveyancing in Southfields differ for newly converted properties?
Most buyers of new build premises in Southfields contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Southfields typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Southfields or who has acted in the same development.
I am a sole trader intending to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no fees for commercial conveyancing in Southfields for under £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Southfields, including the disposal and purchase of businesses as well as simply property. If you are hoping to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. Regarding the charges this will depend on the structure and terms of the proposed transaction. Please provide us with your details or telephone so as to enable us to supply you with comprehensive commercial conveyancing calculation.
As co-executor for the estate of my father I am selling a house in Newport but I am based in Southfields. My conveyancer (who is 300 miles from meneeds me to execute a stat dec before the transaction finalising. Could you suggest a conveyancing solicitor in Southfields to witness this legal document for me?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Southfields based
There are only 68 years unexpired on my lease in Southfields. I now wish to extend my lease but my freeholder is absent. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. You will be obliged to demonstrate that you or your lawyers have used your best endeavours to track down the landlord. On the whole a specialist would be helpful to carry out a search and prepare a report which can be accepted by the court as proof that the landlord is indeed missing. It is wise to seek advice from a conveyancer in relation to proving the landlord’s disappearance and the vesting order request to the County Court overseeing Southfields.
I am the leaseholder of a ground floor flat in Southfields. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
in cases where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to calculate the premium.
An example of a Lease Extension decision for a Southfields property is 83 Balvernie Grove in February 2012. The Tribunal assessed the price to be paid by the leaseholder to the freeholder for the lease extension pursuant to section 48 of the Leasehold Reform Housing & Urban Development Act 1993 should be£16,603.00 This case was in relation to 1 flat. The unexpired residue of the current lease was 69.32 years.
I today plan to offer on a house that seems to meet my requirements, at a reasonable figure which is making it all the more appealing. I have subsequently discovered that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Southfields. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the implications of buying a leasehold house in Southfields ?
Most houses in Southfields are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area can assist with the conveyancing process. We note that you are purchasing in Southfields so you should seriously consider looking for a Southfields conveyancing solicitor and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is located on an estate. Your solicitor will appraise you on the various issues.