I am considering mortgaging my property in Thornton Heath, does my lawyer need to be on the Leeds Building Society Conveyancing panel?
There is nothing to stop you using your solicitor, but Leeds Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
Just acquired a semi-detached house in Thornton Heath , What is the estimated time for the Land Registry to record the transfer to my name? My Thornton Heath conveyancing solicitor works at snail pace, so I want to be sure the land registry aspects are dealt with.
There is nothing unique about conveyancing in Thornton Heath registration formalities. Rather than based on location, timeframes can vary depending on who lodges the application, whether there are errors and whether the Land registry have to notify any third persons or bodies. At present in the region of 80% of such applications are fully addressed in less than three weeks but some can be subject to protracted hold-ups. Historically registration takes place after the new owner is living at the premises so an expedited registration is not typically an essential issue yet if there is a degree of urgency associated with the registration then you or your solicitor should communicate with the Registry to express the reasoning for the application to be prioritised.
How does conveyancing in Thornton Heath differ for new build properties?
Most buyers of new build or newly converted property in Thornton Heath come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in Thornton Heath usually acquire the site, 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 property lawyers 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 used to new build conveyancing in Thornton Heath or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a house in Thornton Heath ahead of appointing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor advised that some banks will not give a mortgage on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements from Nationwide. Should you wish to call us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Thornton Heath. Conveyancing may be slightly more expensive based on your lender's requirements.
We're novice buyers - had an offer accepted, yet the selling agent has warned us that the vendor will only issue a contract if we appoint the agent's recommended lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Thornton Heath
It is improbable the vendors are behind this. If they desire ‘a quick sale', alienating a motivated buyer is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Thornton Heath conveyancing solicitors - rather thanthe ones that will provide their estate agent a introducer fee or meet his conveyancing targets pre-set by senior management.
Due to complete next month on a basement flat in Thornton Heath. Conveyancing solicitors assured me that they report fully next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Thornton Heath should include some of the following:
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The total extent of the demise. This could be the apartment itself but may include a roof space or cellar if applicable. Does the lease prevent you from renting out the flat, or working from home Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? You would want to receive a copy of the lease Who has the liability for repairing the window frames
Following years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Thornton Heath. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We are happy to put you in touch with a Thornton Heath conveyancing firm who can help.
An example of a Lease Extension decision for a Thornton Heath premises is Ground Floor Flat 14 Lodge Road in October 2013. the tribunal held that the price payable for the acquisition of the extended lease of the property should be £12,590 .00 This case affected 1 flat. The unexpired lease term was 69.46 years.