My brother-in-law has suggested I instruct a conveyancing solicitor in Forestdale. I need to find out if they are on the TSB approved list of lawyers. Can you or the lender confirm if they are on the panel?
The first thing to do is call the conveyancer and ask them whether they can act for the bank. Otherwise you can call TSB who may be able to confirm.
I am close to exchanging contracts on the sale of our house in Forestdale and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. A local lawyer would know this is not the case. It does beg the question why the buyers used a national conveyancing firm rather than a conveyancing solicitor in Forestdale. Having lived in Forestdale for many years we know of no issue. Do we contact our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You must check with 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)
I have been on the look out for a leasehold apartment up to £245,000 and identified one round the corner in Forestdale I like with open areas and railway links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Forestdale for this price, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
I am looking into buying my first house which is in Forestdale and I am already nervous. I couldn't find anything specific about Forestdale. Conveyancing will be needed in due course but do you know about the Forestdale area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Forestdale. In the meantime here are some basic statistics that we found
Last December I purchased a leasehold flat in Forestdale. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Forestdale. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to decide the amount due.
An example of a Freehold Enfranchisement decision for a Forestdale flat is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case was in relation to 6 flats. The number of years remaining on the existing lease(s) was 78.32 years.
I dont have enough spare money to pay a 10% deposit on my apartment purchase in Forestdale , but I am anxious proceed. What can I do?
You can agree a lesser deposit. Most vendors will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute