Would the conveyancing solicitors listed on your site execute conveyancing in Balham by way of an attended exchange?
We do have a number of conveyancing experts carrying out one day exchanges. You should e-mail us to secure a costs illustration and details as to availability.
When can the exchange of contracts occur in purchase conveyancing in Balham and do I need to attend the conveyancers branch?
Where you are near to one of the conveyancing solicitors in Balham you are welcome to attend to sign documents. However, the lender approved solicitors we work with supply countrywide coverage for conveyancing and give just as detailed and professional a job for you when communicating with you electronically. The signing of the property agreement is not the important part. Signing on the dotted line simply enables the firm to officially exchange at the appropriate time, which will usually be very shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Balham)to be in the office available at the end of the phone to exchange contracts.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Balham is the location of the property. Is there any guidance you can impart?
Flying freeholds in Balham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Balham you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Balham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My father-in-law has suggested that I instruct his conveyancers in Balham. Should I use them?
There are no two ways about it the best way to find a conveyancing lawyer is to seek recommendations from friends or family who have used the solicitor you're contemplating using.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £225,000 garden flat in Balham in seven days. The management company has quoted £384 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Balham?
Balham conveyancing on leasehold maisonettes normally involves the purchaser’s solicitor sending enquiries for the landlord to address. Although the landlord is under no legal obligation to address these enquiries the majority will be willing to do so. They are at liberty to charge a reasonable charge for answering questions or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some situations it exceeds £800. The management information fee invoiced by the landlord must be sent together with a synopsis of rights and obligations in respect of administration fees, otherwise the invoice is not strictly payable. Reality however dictates that one has little choice but to pay whatever is demanded should you wish to sell the property.
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Balham conveyancing firm to assist?
if there is a missing landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to determine the premium.
An example of a Lease Extension case 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 residue of the current lease was 56.67 years.
We are in the middle of buying a house in Balham. Conveyancing solicitor has phoned to say the property is "Leasehold". Will this likely adversely affect the marketability of the house?
Balham conveyancing does not normally involve leasehold houses. The crucial consideration here is the length of lease and the ground rent. If there are hundred of years years remaining with a nominal rent, it's almost the same as freehold, so it shouldn't impact the saleability significantly.
On the flip side, if it's, say, 50 years it will have a material effect on the saleability, and probably wouldn't be acceptable to the bank. The length of lease and ground rent will be specified in the lease to be supplied to your property lawyer.
