We were just about to exchange contracts for a ground floor flat in Cubitt Town. We have hit a snag. The loan offer with Aldermore expires on 13/5/2019 but the sellers are insisting on a completion date of 15/5/2019. Can one extend the loan expiry date?
The person best placed to address this issue is your solicitors who will calculate if they should be discussing with the mortgage broker, seller’s solicitors, estate agents or possibly all parties given the circumstances your conveyancing as of today.
Is there a reason why leasehold purchase conveyancing in Cubitt Town costs more?
The conveyancing costs for a leasehold premises in Cubitt Town is often higher as compared to a freehold property. This is because there is an amount of supplemental investigations required in liaising with the landlord and managing agents to obtain information about whether the rent and service fee have been cleared and whether there are any significant expenditure in the near future on repairs or maintenance of the block.
My bank has suggested solicitors on their panel based in Cubitt Town but I would rather instruct a conveyancing lawyer in Cubitt Town or nearer to where I live. Are you able to assist?
Far from all Cubitt Town conveyancing practices are on all lender’s conveyancing panel. Do make use of the above find an approved solicitor tool to identify a Cubitt Town conveyancing firm on the on the bank panel.
We are planning on selling our home in Cubitt Town and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local lawyer would know that there is no such problem. It does beg the question why the purchasers instructed a nationwide conveyancing practice as opposed to a conveyancing solicitor in Cubitt Town. We have lived in Cubitt Town for 5 years we know of no issue. Should we contact our local Authority to seek clarification need.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
Just had an offer accepted on a new build flat in Cubitt Town. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Cubitt Town
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. There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
We expect to complete our sale of a £475,000 flat in Cubitt Town in just under a week. The landlords agents has quoted £348 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Cubitt Town?
For the majority of leasehold sales in Cubitt Town conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
Answering pre-contract questions
Where consent is required before sale in Cubitt Town
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the proprietor of a second floor flat in Cubitt Town. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
You certainly can. We are happy to put you in touch with a Cubitt Town conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Cubitt Town premises is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case was in relation to 3 flats. The unexpired lease term was 101.61 years.