My fiance and I are intent on purchasing property in Gerrards Cross and Chalfont. My lawyer is not on the lender conveyancing panel. Is it possible for me to appoint my Gerrards Cross and Chalfont conveyancing solicitor even though they are excluded from the lender list of approved lawyers?
One will need to appoint a property lawyer to deal with the legal work required if you need a loan to buy your home. The conveyancer will conduct all the appropriate due diligence on the property, ensuring that you will be properly registered as the owner and ensure that all the necessary mortgage paperwork is dealt with. One can instruct a Gerrards Cross and Chalfont conveyancer of your choice. Nevertheless, where the conveyancing practitioner appointed is not a member of the bank approved list supplemental fees will arise as separate legal representation will be need by the lender. Conveyancing panel applications can be submitted, so provided your lawyer has not previously applied for membership they should take the chance to apply.
We are close to exchanging contracts on the sale of our house in Gerrards Cross and Chalfont and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A high street Gerrards Cross and Chalfont lawyer would know this is not the case. It does beg the question why the buyers are using an internet conveyancing practice as opposed to a conveyancing solicitor in Gerrards Cross and Chalfont. We have lived in Gerrards Cross and Chalfont for 4 years we know that this is a non issue. Should we contact our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You should 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)
Are there restrictive covenants that are commonly picked up during conveyancing in Gerrards Cross and Chalfont?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Gerrards Cross and Chalfont. 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…’
About to purchase a new build apartment in Gerrards Cross and Chalfont. Conveyancing is daunting 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 legal work.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Gerrards Cross and Chalfont
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please confirm the Lease plans are surveyor prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I decided to have a survey carried out on a property in Gerrards Cross and Chalfont in advance of instructing solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor advised that some mortgage companies may not grant a loan on a flying freehold premises.
It varies from the lender to lender. HSBC has different instructions from Nationwide. Should you wish to call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Gerrards Cross and Chalfont. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Gerrards Cross and Chalfont to see if the conveyancing will be more expensive.
I work for a reputable estate agent office in Gerrards Cross and Chalfont where we have experienced a few leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received contradictory information from local Gerrards Cross and Chalfont conveyancing solicitors. Can you shed some light as to whether the seller of a flat can start the lease extension process for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Gerrards Cross and Chalfont. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to determine the sum to be paid.
An example of a Lease Extension decision for a Gerrards Cross and Chalfont premises 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 unexpired lease term was 71 years.