We see that you have a search directory listing solicitors on the Bank of Ireland conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Upper Norwood?
We are a listing service only for law firms wishing to communicate if they are on the Bank of Ireland conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Upper Norwood.
A relative recommended that where I am purchasing in Upper Norwood I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally included in the estimate for your Upper Norwood conveyancing searches. It is a large document of about 40 pages, listing and detailing important information about Upper Norwood around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with maps and statistics, Local Amenities and other useful data regarding Upper Norwood.
How does conveyancing in Upper Norwood differ for new build properties?
Most buyers of new build premises in Upper Norwood come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because developers in Upper Norwood tend to buy 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 conveyancers 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 accustomed to new build conveyancing in Upper Norwood or who has acted in the same development.
I decided to have a survey completed on a house in Upper Norwood ahead of appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies will refuse to issue a loan on such a property.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Upper Norwood. Conveyancing will be smoother if you use a solicitor in Upper Norwood especially if they are familiar with such properties in Upper Norwood.
My cousin has encouraged me to instruct his conveyancing solicitors in Upper Norwood. Do I take his guidance?
There are no two ways about it it’s preferable to find a conveyancing lawyer is to seek referrals from friends or family who have actually previously instructed the firm that you are contemplating using.
I am a negotiator for a busy estate agency in Upper Norwood where we have witnessed a few leasehold sales jeopardised as a result of short leases. I have received inconsistent advice from local Upper Norwood conveyancing firms. Can you shed some light as to whether the seller of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has been the owner 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 can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible 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.
My wife and I have hit a brick wall in trying to purchase the freehold in Upper Norwood. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to assess the amount due.
An example of a Lease Extension decision for a Upper Norwood residence 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 remaining number of years on the lease was 26.38 years.