My solicitor has discovered a defect with the lease for the flat we are purchasing in New Eltham. The other side have put forward defective title insurance as a workaround. We are content with insurance and will cover the costs. Our property lawyer has advised that he must check that the bank is content with this solution. Who is the client here, us or the lender?
Notwithstanding that you have a mortgage offer from the lender 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 provisions. You and the lender are the client. These conveyancing instructions must be adhered to.
I know that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when acquiring a property in New Eltham? or Apparently there is an ancient law that means some house owners residing in a parish church boundary will be compelled to contribute towards repairs towards the chancel in proximity to the church. Is this suitable for conveyancing in New Eltham?
Unless a previous purchase of the property completed post 12 October 2013 you can assume that lawyers carrying out conveyancing in New Eltham to continue to recommend a chancel search and or insurance against a claim.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what was supposed to be a simple, chain free conveyancing. New Eltham is where the house is located. Is there any guidance you can give?
Flying freeholds in New Eltham are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in New Eltham you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in New Eltham may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How easy is it to transfer to a new conveyancer as I have to choose one who is on the Clydesdale conveyancing list. I instructed a family conveyancing solicitor in New Eltham five minutes from me but he is not approved by Clydesdale
We will our best to assist in finding you a conveyancing solicitor in New Eltham on the Clydesdale panel. Please note that the conveyancers that we work with do not pay us commission if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in New Eltham. Using search facility on this website, you can contrast charges for conveyancing solicitors in New Eltham and beyond.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £400,000 apartment in New Eltham in 5 days. The freeholder has quoted £384 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in New Eltham?
New Eltham conveyancing on leasehold maisonettes usually involves the buyer’s solicitor sending questions for the landlord to answer. Although the landlord is not legally bound to address such questions the majority will be content to assist. They are entitled to levy a reasonable charge for answering enquiries or supplying documentation. There is no set fee. The average fee for the information that you are referring to is £350, in some situations it is above £800. The management information fee required by the landlord must be accompanied by a summary of entitlements and obligations in respect of administration charges, without which the charge is technically not due. Reality however dictates that one has little option but to pay whatever is requested of you should you wish to complete the sale of your home.
We have reached the end of our tether in seeking a lease extension in New Eltham. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to make a decision on the sum to be paid.
An example of a Lease Extension matter before the tribunal for a New Eltham flat is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case affected 1 flat.
What is the distinction between surveying and conveyancing in New Eltham?
Conveyancing - in New Eltham or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re intending to buy and will help you discover the condition of the building and, if there are problems, give you leverage for reducing the price down or asking the seller to fix the defects before you move in.