Just had an offer accepted on a new build flat in West Croydon. Conveyancing is necessary evil 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.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in West Croydon
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There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Due to the advice of my in-laws I had a survey completed on a house in West Croydon before appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some banks tend refuse to grant a loan on such a house.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in West Croydon. Conveyancing may be slightly more expensive based on your lender's requirements.
I am downsizing from my property. My past lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in West Croydon if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in West Croydon. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
Am I best advised to go with a West Croydon conveyancing solicitor based in the location that I am hoping to buy? We have a good friend who can conduct the legal formalities but his firm is located approximately 350miles drive away.
The benefit of a local West Croydon conveyancing practice is that you can attend the office to sign paperwork, deliver your ID and pester them where appropriate. Having local West Croydon know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were impressed that must trump using an unknown West Croydon conveyancing lawyer solely due to them being West Croydon based.
Can you offer any advice when it comes to choosing a West Croydon conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for lease extension works (regardless if they are a West Croydon conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you make enquires with two or three firms including non West Croydon conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be of use:
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How many lease extensions have they completed in West Croydon in the last 12 months? How experienced is the firm with lease extension legislation?
Following years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in West Croydon. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We can put you in touch with a West Croydon conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a West Croydon property is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case affected 4 flats. The unexpired term as at the valuation date was 98 years.
New build sellers have suggested I use a conveyancer and I've sought an estimate from them. They are almost £250 less expensive than my family West Croydon property lawyer. Should I use them?
Developers normally have lists of lawyers who are quick and who know the developer’s paperwork and conveyancer. As many developers offer an inducement to select their approved lawyer for this reason, any increased fees can be avoided and a developer won't recommend a conveyancing factory and run the risk of having the conveyancing delayed when they want exchange within a tight time frame. A counter-argument for not agreeing to use the recommended property lawyer is that they may be reluctant to fight for your interests at the risk of upsetting the housebuilder. Where you have concerns that this may be the case you should remain with your high street West Croydon conveyancing practitioner.