I am need of leasehold conveyancing for an apartment in a fairly new development (five years built) in Sutton. 95% of the flats are already sold. Do I need carry out the conveyancing searches as part of conveyancing in Sutton?
If you getting a mortgage, your mortgage company will need some (many) of the searches so you'll have no choice. If not, then Sutton conveyancing searches are optional. No doubt your conveyancer, will ’encourage’, perhaps in the strongest possible terms, that you should have the searches done, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or it may be necessary to find a new lawyer for your conveyancing in Sutton.
Will my conveyancing lawyers need to check that the building insurance when buying a house in Sutton. My lender is Nationwide Building Society
Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 10/4/2024, the requirements read as follows :
I used Stirling Law several years past for my conveyancing in Sutton. Now, I need the documents but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Sutton of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I decided to have a survey completed on a house in Sutton before retaining lawyers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some lenders will not give a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Sutton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Sutton to see if the conveyancing will be more expensive.
Am I right to be suspicious by estate agents that I am dealing with are suggesting an internet conveyancing firm rather than a local Sutton conveyancing firm?
As with many service providers, often input from connections can be most helpful. But there are numerous players in a conveyancing transaction; estate agents, mortgage brokers and mortgage companies might all suggest conveyancers to select. Sometimes the solicitors might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the endorsement. You are at liberty to choose your own lawyer. Don't forget that most lenders have an approved list of conveyancers you have to use for the mortgage aspect of your house move.
Having had my offer accepted I require leasehold conveyancing in Sutton. Before I set the wheels in motion I require certainty as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Sutton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Sutton conveyancing firm to help?
in cases where there is a missing landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to calculate the price payable.
An example of a Freehold Enfranchisement case for a Sutton flat is Buchanan Court 39 Vernon Road in April 2010. the Tribunal assessed that the premium payable for the freehold of the block should be £44,000. This case affected 2 flats. The unexpired term as at the valuation date was 66.67 years.