My previous solicitor has given a fee estimate £1200 for no sale no fee conveyancing in Balham. I am hoping to downsize from a Victorian property for £150,000. Is this overpriced? Is it above what I should be paying for conveyancing in Balham?
The estimate does seem a tad overpriced. If you shop around you could reduce the fees marginally by perhaps £100 plus VAT. On the other hand, you maycome to rue opting for an an unknown conveyancer. Remember to be sure the firm can also act for your lender. You can use our search tool to find a Balham conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Balham.
My son-in-law is about to exchange on a new build apartment in Balham with a mortgage from UBS. His lawyer has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. Who needs to receive the form?
The document is intended to provide information to the main parties engaged in the transaction. Therefore, it will be provided to your son’s lawyer who should be on the UBS conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the UBS conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Will commercial conveyancing searches reveal impending roadworks that could impact a commercial estate in Balham?
Many commercial conveyancing solicitors in Balham will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in researching accurate data on highways that impact buildings and development assets in Balham. The search result provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Balham.
For each commercial conveyancing transaction in Balham it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately could cause delays to Balham commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not conducted for domestic conveyancing in Balham.
How does conveyancing in Balham differ for new build properties?
Most buyers of new build property in Balham approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is completed. This is because builders in Balham tend to 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 conveyancing solicitors 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 accustomed to new build conveyancing in Balham or who has acted in the same development.
I am employed by a busy estate agent office in Balham where we see a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Balham conveyancing firms. Could you confirm whether the vendor of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
My wife and I have hit a brick wall in trying to purchase the freehold in Balham. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We are happy to put you in touch with a Balham conveyancing firm who can help.
An example of a Lease Extension decision for a Balham property is First Floor Flat 152a Ramsden Road in June 2009. The net result of the tribunals calculation produced a premium payable of £23,975. This case was in relation to 1 flat. The unexpired lease term was 56.67 years.
I pay a service charge for my ground floor flat in Balham. As a result of personal circumstances I fell into arrears with payments. The management company agreed a clearance schedule but there remains a couple of outstanding as of today.
I now wish to sell and I am nervous that this can hold me back if I have to pay off the amount due first. Do I have to settle before - is this achievable?
It would be wise to speak with the conveyancing practitioner conducting your Balham conveyancing but it might be possible to arrange for the outstanding amount to be attributed to the purchasers. The sale price they pay would be adjusted to reflect the amount of debt they assume. They could then deal with the arrears once they are the owners.