We are a couple about to sign contracts for a ground floor flat in Upper Norwood. We have hit a snag. The loan offer with TSB expires on 12/12/2025 but the owners are suggesting a completion date of 16/12/2025. Can one extend the loan expiry date?
The best person to deal with your question is your conveyancer who will assess if they should be discussing with the lender, seller’s representatives, selling agents or indeed all parties taking into account what has gone on in your transaction as of today.
Completed the sale of my flat in Upper Norwood last May yet the purchaser is texting daily to say their conveyancer needs to hear from mysolicitor. What should have happened now that I have sold?
Following your disposal your solicitor is obliged to send the transfer documentation and all of the paperwork to the purchaser's lawyers. Where appropriate, your conveyancer should also evidence that the legal charge in favour of the lender has been repaid to the purchasers conveyancers. There is unlikely to be post completion procedures peculiar conveyancing in Upper Norwood.
The estate agent has sent us the confirmation of our purchase of a new build flat in Upper Norwood. 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 legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Upper Norwood
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are surveyor prepared. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I decided to have a survey done on a house in Upper Norwood before appointing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some banks may not issue a loan on a flying freehold house.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. If you e-mail us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help 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.
In my capacity as executor for the will of my father I am disposing of a property in Newport but live in Upper Norwood. My lawyer (based 200 kilometers awayrequires that I execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Upper Norwood to witness and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are Upper Norwood based
I would like to sublet my leasehold apartment in Upper Norwood. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for their consent?
Your lease governs relations between the landlord and you the leaseholder; specifically, it will say if subletting is banned, or permitted but only subject to certain conditions. The rule is that if the lease contains no expres ban or restriction, subletting is allowed. The majority of leases in Upper Norwood do not prevent an absolute prevention of subletting – such a clause would adversely affect the market value the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
I have had difficulty in trying to purchase the freehold in Upper Norwood. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We can put you in touch with a Upper Norwood conveyancing firm who can help.
An example of a Lease Extension case 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 unexpired term was 26.38 years.