My fiancee and I are buying our first property. The property lawyer has texted usto check if we wish to take out supplemental conveyancing searches. Unfortunately we are clueless as to what's appropriate for conveyancing in Chalfont St Peter
The number and type of Chalfont St Peter conveyancing searches should be dictated primarily on the property, the location, the probability of any of these risks, your knowledge of the area and risks, your overall approach to risk. What matters is that you adequately appreciate what information the searches could supply. Then you can make a decision if you consider that you need that information. If in doubt, ask the property lawyer to guide you.
I am selling my flat in Chalfont St Peter. Does the conveyancing practitioner have to be on the Virgin Money conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Virgin Money conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Chalfont St Peter?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Chalfont St Peter. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
The estate agent has sent us the confirmation of our purchase of a new build apartment in Chalfont St Peter. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Chalfont St Peter
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Do I need to be concerned about brokers that I am dealing with are recommending a web based conveyancing firm rather than a High Street Chalfont St Peter conveyancing company?
As with many professional services, often suggestions from relatives can be most helpful. But there are lots of parties with a keen interest in a conveyancing deal; estate agents, financial adviser and lenders may recommend solicitors to appoint. Sometimes these solicitors might be known to one of the organisations as experts in their field, but sometimes there behind the scenes commercial relationship behind the recommendation. You are free to choose your own conveyancer. You need to be aware that some lenders specify a panel list of law firms you have to use for the mortgage aspect of your transaction.
I am the registered owner of a first floor flat in Chalfont St Peter. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Chalfont St Peter conveyancing firm who can help.
An example of a Lease Extension case for a Chalfont St Peter property is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case was in relation to 3 flats. The remaining number of years on the lease was 71 years.
Are there common defects that you see in leases for Chalfont St Peter properties?
Leasehold conveyancing in Chalfont St Peter is not unique. Most leases are unique and legal mistakes in the legal wording can result in certain provisions are wrong. For example, if your lease is missing any of the following, it could be defective:
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Repairing obligations to or maintain parts of the premises Clauses dealing with recovering service charges for expenditure on the building or common parts.
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Barnsley Building Society, and Britannia all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, obliging the buyer to withdraw.