I am buying a terraced house in Grove Park. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Grove Park you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Grove Park.
A friend suggested that if I am purchasing in Grove Park I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Grove Park conveyancing searches. It is a large report of more than thirty pages, listing and detailing important information about Grove Park around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Grove Park Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Grove Park Education with maps and statistics, Local Amenities and other useful data concerning Grove Park.
How does conveyancing in Grove Park differ for newly converted properties?
Most buyers of new build or newly converted property in Grove Park contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Grove Park usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Grove Park or who has acted in the same development.
Am I better off to go with a Grove Park conveyancing solicitor in close proximity to the house I am buying? We have a good friend who can perform the legal work but they are based approximately 350miles away.
The benefit of a high street Grove Park conveyancing firm is that you can pop in to sign paperwork, hand in your ID and pester them where appropriate. Having local Grove Park know how is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and the majority were content that must outweigh using an unfamiliar Grove Park conveyancing solicitor solely due to them being local.
I am a negotiator for a reputable estate agency in Grove Park where we have experienced a few leasehold sales derailed due to short leases. I have received inconsistent advice from local Grove Park conveyancing firms. Please can you clarify whether the seller of a flat can instigate the lease extension process for the purchaser on completion of the sale?
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. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. 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 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 buyer.
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Grove Park conveyancing firm to represent me?
Most definitely. We can put you in touch with a Grove Park conveyancing firm who can help.
An example of a Lease Extension case for a Grove Park flat is 49 Woodstock Court Burnt Ash Hill in May 2012. the payment of £64,116 by the leaseholder was the premium which the Tribunal found due for the lease extension in this case. This case was in relation to 1 flat. The unexpired term was 23.26 years.
I am in the process of purchasing my first property in Grove Park. Conveyancing solicitor already instructed. The financial consultant advised that a survey is not appropriate as the property is only 17 years old.
As the bare minimum you need a Home Buyer's Report. As the residence was constructed more than a decade ago the property will be without a warranty, so you don't want to take a risk. For a property that age with no signs of defects a Home Buyer's report could be sufficient. The report should highlight any apparent issues and suggest additional investigation if appropriate. Where there are any signs of material issues get a comprehensive Building Survey from the beginning.