The Biggin Hill conveyancing firm handling our Biggin Hill conveyancing has spotted a difference between the assumptions in the home valuation report and what is revealed within the conveyancing documents. My solicitor informs me that he must ensure that the lender is happy with this discrepancy and is still content to lend. Is my lawyer’s approach appropriate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Do the Building Society Association intend to launch a online directory to to identify firms on the Melton Mowbray Building Society conveyancing panel for instance in Biggin Hill?
We would not expect to be advised of any intention on the part of the BSA to promote such a register.
I have been told that property searches are the primary reason for hinderance in Biggin Hill conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the findings of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Biggin Hill.
I have been on the look out for a flat up to £195,000 and found one close by in Biggin Hill I like with amenity areas and railway links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Biggin Hill in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
Should I appoint a Biggin Hill conveyancing lawyer who is local to the property I am hoping to buy? An old friend can perform the legal work however they are based a couple of hundredmiles drive away.
The primary upside of using a high street Biggin Hill conveyancing practice is that you can attend the office to execute paperwork, present your ID and pester them if necessary. Having local Biggin Hill know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who used your friend and on the whole were happy that should surpass using an unknown Biggin Hill conveyancing lawyer just because they are local.
My husband and I may need to rent out our Biggin Hill ground floor flat for a while due to taking a sabbatical. We instructed a Biggin Hill conveyancing firm in 2001 but they have since shut and we did not have the foresight to get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?
Some leases for properties in Biggin Hill do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
Following months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Biggin Hill. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We are happy to put you in touch with a Biggin Hill conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Biggin Hill premises is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case affected 1 flat. The unexpired term as at the valuation date was 50.57 years.