We are close to exchanging contracts on the sale of our home in Homerton and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any local conveyancer would know this is not the case. It does beg the question why the buyers used an internet conveyancing outfit rather than a conveyancing solicitor in Homerton. We have lived in Homerton for 5 years we know that this is a non issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You should 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 ailment)
I am buying a new build flat in Homerton. Conveyancing is necessary evil 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 conveyancing.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Homerton
Please confirm the Lease plans are architect prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan.
I am looking for a flat up to £235,500 and identified one near me in Homerton I like with open areas and railway links nearby, however it only has 61 years unexpired on the lease. There is not much else in Homerton suitable, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
My company is intending to lease a unit on the high street. Can you recommend solicitors offering no-sale-no costs for commercial conveyancing in Homerton for below £1,200?
We can recommend firms who host a wealth of experience of commercial conveyancing in Homerton, including the sale and purchase of businesses as well as simply property. Whether you are intending to acquire or lease a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. Regarding the charges these will vary based on the structure and heads of terms of the deal. Please provide us with your contact information or email us so that we can furnish you with a fixed commercial conveyancing quote.
Am I better off to appoint a Homerton conveyancing solicitor in close proximity to the house I am hoping to buy? We have a good friend who can execute the legal work but his firm is located over three hundred kilometers drive away.
The benefit of a local Homerton conveyancing firm is that you can visit the firm to sign paperwork, hand in your ID and apply pressure on them if necessary. Having local Homerton know how is a bonus. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and they were impressed that must trump using an unknown Homerton conveyancing lawyer just because they are based in the area.
Can you provide any advice for leasehold conveyancing in Homerton with the aim of expediting the sale process?
- Much of the delay in leasehold conveyancing in Homerton can be reduced where you get in touch lawyers the minute you market your property and request that they start to put together the leasehold documentation needed by the purchasers’ conveyancers. If there is a history of conflict with your freeholder or managing agents it is very important that these are resolved before the property is marketed. The purchasers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is better to reveal the dispute as historic as opposed to ongoing. In the event that you altered the property did you need the Landlord’s permission? Have you, for example installed wooden flooring? Most leases in Homerton state that internal structural alterations or addition of wooden flooring require a licence from the Landlord approving such alterations. Where you dont have the consents in place you should not contact the landlord without contacting your solicitor before hand. You believe that you know the number of years remaining on your lease but it would be wise to verify this via your lawyers. A purchaser's lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is less than 75 years. It is therefore essential at an as soon as possible that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. If you have the benefit of shareholding in the freehold, you should make sure that you have the original share certificate. Organising a replacement share certificate is often a lengthy process and slows down many a Homerton home move. Where a reissued share is required, you should approach the company director and secretary or managing agents (if applicable) for this at the earliest opportunity.
I inherited a first flat in Homerton. 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?
Where there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to judgment on the price.
An example of a Freehold Enfranchisement case for a Homerton property is 104 Nightingale Road in May 2009. The Tribunal's Decision is that the premium torbe paid for the enfranchisement in this case is £112,174 This case related to 10 flats. The number of years remaining on the existing lease(s) was 71.25 years.