My wife and I have recently appointed a conveyancing solicitor in Tooting Bec. I need to find out whether they are on the Birmingham Midshires conveyancing panel. Could you assist?
The first thing to do is phone the lawyer and enquire whether they are on the lender panel. Otherwise please get in touch with Birmingham Midshires who may be able to help.
Are there restrictive covenants that are commonly identified during conveyancing in Tooting Bec?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Tooting Bec. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
The estate agent has sent us the confirmation of our purchase of a new build flat in Tooting Bec. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Tooting Bec
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I opted to have a survey done on a house in Tooting Bec before appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some mortgage companies tend refuse to give a mortgage on such a premises.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tooting Bec. Conveyancing will be smoother if you use a solicitor in Tooting Bec especially if they are familiar with such properties in Tooting Bec.
How straightforward is it to use your search tool to get a costs illustration from a conveyancing practitioner in Tooting Bec on the approved list for my bank?
Step one is to select a lender such as Yorkshire Building Society, The Royal Bank of Scotland or Godiva Mortgages Ltd then choose your location a common one being Tooting Bec. Conveyancing organisations in Tooting Bec and across England and Wales should be listed.
I am a negotiator for a long established estate agency in Tooting Bec where we have witnessed a number of leasehold sales derailed due to leases having less than 80 years remaining. I have received contradictory information from local Tooting Bec conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, 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 own a a ground floor purpose built flat in Tooting Bec. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
Most definitely. We can put you in touch with a Tooting Bec conveyancing firm who can help.
An example of a Lease Extension case for a Tooting Bec flat is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case related to 1 flat. The remaining number of years on the lease was 62.94 years.