My partner and I are purchasing a newly constructed duplex in Gipsy Hill and my solicitor is advising me that she has to the bank to reveal incentives from the seller. I am on a tight deadline to exchange contracts and my preference is not to delay matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook specifications. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
At what point does exchange of contracts occur in sale conveyancing in Gipsy Hill and am I required to be at the conveyancers office?
If you are near to one of the conveyancing solicitors in Gipsy Hill you are welcome to attend to sign contracts. However, the firms we work with supply countrywide coverage for conveyancing and provide just as comprehensive and professional a job for you when communicating with you electronically. The executing of the contract is not when everything is set in stone. A signed contract is just a prerequisite for the conveyancer to officially exchange at the suitable time, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where an extended "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Gipsy Hill)to be in the office available at the end of the phone to exchange contracts.
I am planning on selling our house in Gipsy Hill and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A local conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed an internet conveyancing outfit as opposed to a conveyancing solicitor in Gipsy Hill. Having lived in Gipsy Hill for 5 years we know of no issue. Should we get in touch with our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must 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 health insurance to cover that same sickness)
I have todayfound out that Action Conveyancing have been shut down. They carried out my conveyancing in Gipsy Hill for a purchase of a leasehold flat 9 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The easiest method to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Gipsy Hill conveyancing specialists.
My husband and I are first time buyers - had an offer accepted, but the selling agent informed us that the owners will only issue a contract if we use their chosen conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a high street solicitor who is accustomed to conveyancing in Gipsy Hill
It is unlikely the sellers are driving this. If they require ‘a quick sale', alienating a serious buyer is going to damage their objectives. Try to communicate with the vendors directly and make sure they understand (a)you are serious purchasers (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you will continue to instruct your own,trusted Gipsy Hill conveyancing firm - not the ones that will earn their negotiator at the agency a kickback or meet his conveyancing thresholds pre-set by corporate headquarters.
I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have subsequently discovered that it's a leasehold rather than freehold. I would have thought that there are issues buying a house with a leasehold title in Gipsy Hill. Conveyancing solicitors have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Gipsy Hill ?
The majority of houses in Gipsy Hill are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Gipsy Hill so you should seriously consider shopping around for a Gipsy Hill conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’sconsent to conduct changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the property is part of an estate. Your lawyer will appraise you on the various issues.
Following years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Gipsy Hill. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to make a decision on the premium.
An example of a Lease Extension case for a Gipsy Hill residence is Flat 5 4 Border Crescent in December 2013. the tribunal calculated that premium payable for the acquisition of a lease extension of the subject premises was in the sum of £14,900 (Fourteen thousand, nine hundred pounds). Those advising the applicant were advised to send a copy of the decision and a copy of the new lease with the premium (less the applicants costs as assessed by the Court) to the Croydon County Court (under claim number 3CR01226) for an officer of the Court to execute the new lease on behalf of the absentee landlord who is missing and cannot be traced). This case affected 1 flat. The number of years remaining on the existing lease(s) was 69 years.