My family lawyer has sent a quote for £995 for no sale no fee conveyancing in New Cross. I am selling a Victorian house for £275,000. This appears expensive. Is it in excess of what I should be paying for conveyancing in New Cross?
The charges are a tad high. If you are happy to invest time scrutinising costs you could trim some of the cost by as much as a hundred pounds. That being said, you mightcome to rue choosing an an untested lawyer. If is important to ensure the solicitor can also act for your bank. Do use our comparison tool to locate a New Cross conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in New Cross.
My lawyer has identified a defect with the lease for the apartment we are purchasing in New Cross. The other side have offered title insurance as a workaround. We are content with insurance and will pay for it. Our solicitor says that he must be satisfied that the lender is happy with this solution. Are we the client or is the lender?
Even though you have a mortgage offer from the bank does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. The appropriate lender conditions must be adhered to.
My wife and I are planning on selling our house in New Cross and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street New Cross lawyer would know that there is no such problem. It does beg the question why the purchasers used an online conveyancing practice rather than a conveyancing solicitor in New Cross. We have lived in New Cross for six years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You need to 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)
Due to the guidance of my in-laws I had a survey completed on a property in New Cross before instructing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies tend not give a mortgage on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in New Cross. Conveyancing may be slightly more expensive based on your lender's requirements.
I am looking into buying my first house which is in New Cross and I am already nervous. I couldn't find anything specific about New Cross. Conveyancing will be needed in due course but do you know about the New Cross area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at New Cross. In the meantime here are some basic statistics that we found
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have since been informed that the title is leasehold rather than freehold. I am assuming that there are issues purchasing a house with a leasehold title in New Cross. Conveyancing lawyers have are about to be appointed. Will they explain the issues?
The majority of houses in New Cross are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in New Cross in which case you should be looking for a New Cross conveyancing solicitor 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. As a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’spermission to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the communal areas where the house is located on an estate. Your conveyancer should advise you fully on all the issues.
After months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in New Cross. Can we issue an application to the Residential Property Tribunal Service?
Where there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a New Cross residence is 41 Endwell Road in March 2013. this matter relateed to the acquisition of the freehold of a mid- terraced Victorian house converted into three separate self-contained dwellings. By an order dated 28/11/2012, Deputy District Judge Cole in the Bromley County Court held that the leaseholders were entitled to acquire the freehold and directed that the premium payable be determined by this Tribunal. The Tribunal assessed the premium to be £14,753 This case was in relation to 3 flats. The unexpired residue of the current lease was 80.01 years.