I am hoping to complete my purchase in Greenhithe next Friday. My lawyer now wants me to supply her with evidence of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the mortgage company. What risks does the lender expect the insurance to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook requirements. These obligations are not limited to conveyancing in Greenhithe.
Why do I have to pay up front when it comes to conveyancing in Greenhithe?
If you are buying a property in Greenhithe your lawyer will ask you put them with monies to cover the search fees. Ordinarily this is called for to cover the fees of the Local Authority Search. When the down payment is payable against the sale price then this should be needed shortly in advance of exchange of contracts. Any further balance that is due should be transferred shortly before completion.
I have justbecome aware that Action Conveyancing have closed. They carried out my conveyancing in Greenhithe for a purchase of a leasehold flat 18 months ago. How can I establish that the property is not still registered in the name of the previous owner?
The quickest way to see if the property 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 Greenhithe conveyancing specialists.
Is it possible to change firm as I need to appoint one who is on the Halifax conveyancing panel. I had appointed a high street conveyancing solicitor in Greenhithe five minutes from me but she is not approved by Halifax
It would be our pleasure to help you select a conveyancing solicitor in Greenhithe on the Halifax panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are authorised and regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Greenhithe. Using the find a conveyancing solicitor tool on this page, you can compare costs for conveyancing solicitors in Greenhithe and throughout England and Wales.
I need to retain a conveyancing solicitor for leasehold conveyancing in Greenhithe. I've chance upon a site which seems to have the perfect answer If there is a chance to get all formalities done via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I work for a long established estate agency in Greenhithe where we see a few flat sales put at risk as a result of short leases. I have been given inconsistent advice from local Greenhithe conveyancing solicitors. Could you clarify whether the vendor of a flat can start the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
An alternative approach is 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 buyer.
I own a ground floor flat in Greenhithe. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
in cases where there is a missing landlord or where there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to arrive at the amount due.
An example of a Lease Extension case for a Greenhithe residence is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case related to 13 flats. The number of years remaining on the existing lease(s) was 76 years.