I am told that my conveyancing solicitors will need to check that the building insurance when buying a house in Croydon. My lender is Platform
Platform have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 11/7/2019, the requirements read as follows :
My relative suggested that if I am purchasing in Croydon I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally quoted for as part of the standard Croydon conveyancing searches. It is a large document of about 40 pages, listing and setting out important information about Croydon around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with maps and statistics, Local Amenities and other useful information regarding Croydon.
Have completed on a a detached house in Croydon , What is the estimated time for the Land Registry to record my ownership? My Croydon conveyancing solicitor has been painfully slow, so I want to check that my purchase is recorded.
As far as conveyancing in Croydon registration is no faster or slower than the rest of the country. As opposed to being determined by geographic area, timescales can differ according to the party submitting the application, whether it is in order and whether the Land registry communicate with any other persons or bodies. As of today roughly 80% of such applications are completed in less than three weeks but occasionally there can be protracted hold-ups. Registration takes place after the buyer is living at the premises so registration formalities is not typically top priority yet where it is urgent that the the registration takes place urgently then you or your conveyancer can communicate with the Registry to express the reasoning for the application to be prioritised.
I am purchasing a new build house in Croydon with the aid of help to buy. The sellers refused to budge the price so I negotiated 6k of additionals instead. The sale representative suggested that I not inform my lawyer about this extras as it will put at risk my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My company is planning to lease a unit on a shopping parade. Can you recommend solicitors offering no-sale-no charges for non-domestic conveyancing in Croydon for under 1500k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Croydon, including the disposal and acquisition of businesses as well as simply premises. Whether you are hoping to buy or sell a shop, pub, restaurant, office, retail premises or a whole business we can find you the right solicitor. As for the charges these will vary based on the structure and nuances of the proposed transaction. Please provide us with your contact information or telephone so as to enable us to supply you with a detailed commercial conveyancing quote.
I’m about to sell my 2 bed flat in Croydon. Conveyancing is yet to be initiated, but I have just had a half-yearly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as normal as all ground rent and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I have tried to negotiate informally with with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Croydon conveyancing firm to assist?
Where there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to calculate the premium.
An example of a Freehold Enfranchisement decision for a Croydon flat is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case related to 4 flats. The unexpired term as at the valuation date was 98 years.