My wife and I are about to exchange on the purchase of a property in Addlestone but as a result of damage from the recent storms I have was able negotiate recompense from the vendor in the sum of £2k in the form of a deduction in the price. This was going to be dealt with as part of the conveyancing process but Kent Reliance are not allowing this. Why were they informed?
Any property lawyer that is on a Kent Reliance conveyancing panel is duty bound to inform Kent Reliance of any changes to the sale price. If you were to refuse your solicitor to report the price change to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new conveyancing practitioner for your conveyancing in Addlestone.
I am buying a terraced house in Addlestone. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Addlestone you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Addlestone.
I have been on the look out for a ground for flat up to £195,000 and identified one near me in Addlestone I like with amenity areas and transport links in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Addlestone for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage that many years will be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
In my capacity as executor for the estate of my aunt I am selling a property in Swansea but reside in Addlestone. My lawyer (who is 235 miles awayneeds me to sign a statutory declaration prior to completion. Could you suggest a conveyancing practitioner in Addlestone who can witness and place their company stamp on the document?
Technically speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will suffice regardless of whether they are Addlestone based
I've recently bought a leasehold flat in Addlestone. Do I have any liability for service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
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 Addlestone conveyancing firm to assist?
Most definitely. We can put you in touch with a Addlestone conveyancing firm who can help.
An example of a Lease Extension decision for a Addlestone property is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case was in relation to 1 flat. The unexpired term was 82.93 years.
My husband and I intend to purchase our 1st house in Addlestone. Conveyancing practitioner has been selected. The broker pointed out that a survey is not appropriate as the house was only built 22 years ago.
You would be best advised to take a Home Buyer's Report. Given the residence was constructed over a decade ago the property will be without a warranty, so you don't want to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could be sufficient. They will highlight any apparent issues and recommend additional investigation where relevant. Where there are any signs of problems seek a comprehensive structural survey.