It has come to my attention via my financial adviser that my Addlestone property lawyer is not on the bank Conveyancing panel. How can I check?
You need to call your Addlestone lawyer directly. You lawyer should advise you of the situation. Where they are not on the panel they could put your in touch with solicitors on the conveyancing panel for your bank.
I am buying a new build flat in Addlestone. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Addlestone
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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. Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I am looking for a flat up to £235,500 and found one close by in Addlestone I like with open areas and railway links nearby, the downside is that it only has 52 years unexpired on the lease. There is not much else in Addlestone for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a mortgage that many years will be an issue. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
Are there any apps to help identify a Addlestone law firm on the The Mortgage Works conveyancing panel? I am a keen cyclist and am willing to travel upto 25kilometers to meet the solicitor.
Feel free to make use of the tool on this website. Please select a mortgage company and your location and you will see a number of Addlestone conveyancing lawyers based on proximity. We have listed some Addlestone conveyancing firms towards the end of this page and you can ring them to see whether they are on the The Mortgage Works approved list
I am looking for a conveyancing practitioner in Addlestone for my remortgage. Can I check a firm’s complaints history with the profession’s regulator?
You may search for published Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Visit Check a solicitor's record. To find records about the period before 1 January 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training purposes.
I've recently bought a leasehold house in Addlestone. Do I have any liability for service charges relating to a period prior to completion of my purchase?
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. It is an essential part 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).
After years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Addlestone. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to 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 lease term was 82.93 years.