My partner’s mother is a solicitor. I anticipate that I will receive friends and family fee for conveyancing, but if not, what kind of costs should I be expecting for conveyancing in Sydenham Hill?
It’s advisable to get 3 or more like-for-like conveyancing quotes. Make use of our comparison tool on this page. Whilst estimates will be different but service levels do differ between solicitors as is the case with most professions.
I am the registered owner of a freehold residence in Sydenham Hill yet invoiced for rent, why is this and what is this?
It is rare for properties in Sydenham Hill and has limited impact for conveyancing in Sydenham Hill but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Our lender has suggested solicitors on their panel based in Sydenham Hill but I would rather choose a conveyancing lawyer in Sydenham Hill local to me. Are you able to assist?
The minority of Sydenham Hill conveyancing firms are on all lender’s conveyancing panel. Use our find an approved solicitor tool to choose a Sydenham Hill conveyancing firm on the on the bank panel.
We are close to exchanging contracts on the sale of our house in Sydenham Hill and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any local conveyancer would know that there is no such problem. It does beg the question why the buyers used a factory type conveyancing firm as opposed to a conveyancing solicitor in Sydenham Hill. We have lived in Sydenham Hill for six years we know that this is a non issue. Is it a good idea to contact our local Authority to seek confirmation need.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
About to purchase a new build flat in Sydenham Hill. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Sydenham Hill
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please confirm the Lease plans are surveyor prepared. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I am looking at a couple of apartments in Sydenham Hill which have about fifty years left on the lease term. Will this present a problem?
There are plenty of short leases in Sydenham Hill. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease shortens the value of the lease deteriorates and it becomes more expensive to acquire a lease extension. This is why it is generally wise to increase the term of the lease. It is often difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on such properties. Lease extension can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this area.
I am the registered owner of a two-bedroom flat in Sydenham Hill. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the amount payable for the purchase of the freehold?
in cases where there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the price payable.
An example of a Lease Extension case for a Sydenham Hill flat is Flat 1 4 Border Crescent in March 2012. the Tribunal decided that the sum payable by the Applicants to the Respondent in respect of the new lease for the subject property should be £11,616.00 (ElevenThousand and Six Hundred and Sixteen Pounds) This case affected 1 flat. The number of years remaining on the existing lease(s) was 72.04 years.