I have given 2 months notice to my existing landlord and must be out of my let out flat in East Croydon by 13/6/2024. Conveyancing for my house purchase is underway. How realistic is it to complete in six weeks as I wish to avoid having to find short term accommodation?
It is unwise to serve notice on a rental unless you have exchanged. If you have not previously done so, contact to your conveyancer and request that they chase the owners side, try to get a realistic time scale from them that all parties will work towards
I'm the single beneficiary of my late mum's will and I have everything in my name now, including the house in East Croydon. The East Croydon property was put into my name in March. I want to move. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership may be treated the same way as if I'd bought the house in March. Will no one buy the property for half a year?
The CML handbook mandates solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. Most lenders would take a practical view as this provision principally exists to pick up on subsales or the flipping of properties.
After shopping around on the internet I have found a East Croydon property lawyer having checked that they are on the UBS conveyancing panel. Does my lawyer arrange the survey of the property?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own East Croydon surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
Co-operative have agreed my mortgage in principle, my bid on a property in East Croydon has been accepted, what are the next steps?
Your estate agent will need to know who your solicitors are (ensure that the conveyancing practitioners are on the bank’s approved list). Call up Co-operative or the financial adviser and complete any outstanding forms. Co-operative will instruct a valuer who will get in touch with the estate agent or vendor to arrange a time for the valuation to take place. Once carried out (assuming no problems) it takes on average ten days for the mortgage offer to be issued. Co-operative will send the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in East Croydon.
What does a local search inform me concerning the house my wife and I purchasing in East Croydon?
East Croydon conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance PSG The local search plays an important role in most East Croydon conveyancing purchase; as long as you wish to avoid any nasty surprises after you move into your property. The search will supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
I am buying a new build flat in East Croydon. Conveyancing is a frightening process 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 legal work.
Set out below are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in East Croydon
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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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. Please confirm the Lease plans are surveyor prepared.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £400,000 apartment in East Croydon in 8 days. The managing agents has quoted £312 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in East Croydon?
East Croydon conveyancing on leasehold apartments often requires the purchaser’s lawyer sending questions for the landlord to answer. Although the landlord is under no legal obligation to address these enquiries most will be content to assist. They are at liberty to charge a reasonable charge for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is over three hundred pounds, in some situations it is above £800. The administration charge levied by the landlord must be sent together with a synopsis of rights and obligations in respect of administration fees, without which the invoice is technically not due. Reality however dictates that you have no choice but to pay whatever is requested of you should you wish to sell the property.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a East Croydon conveyancing firm to represent me?
Most certainly. We can put you in touch with a East Croydon conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a East Croydon premises 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 was in relation to 4 flats. The unexpired lease term was 98 years.
My partner and I hope to buy our first property in East Croydon. Conveyancing lawyer already appointed. The mortgage adviser pointed out that a survey is not necessary as the property was only constructed in 2001.
You would be best advised to undertake a Home Buyer's Report. As the premises was built over a decade ago the property will not come with a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report may be sufficient. They will highlight any obvious problems and suggest additional investigation where appropriate. Where there are any signs of problems get a comprehensive structural survey.