I was referred a conveyancer who has quoted £1400 for leasehold conveyancing in Norbury. I am hoping to downsize from a purpose built house for £175,000. This appears too much. Is it in excess of what I should be paying for conveyancing in Norbury?
The estimate does seem marginally steep. If you are content to expend time scrutinising charges you might trim some of the expense by say a hundred pounds. On the other hand, you mightlive to regret choosing an an untested lawyer. Remember to check that the solicitor can act for your bank. Do use our search tool to find a Norbury conveyancing company on the banks member panel which can often include conveyancing solicitors in Norbury.
I require conveyancing for an apartment in a relatively new development (6 years old) in Norbury. Almost all the flats have already been occupied. Do I need carry out the local searches for my conveyancing in Norbury?
You would be taking a significant risk in refusing to carrying out Norbury conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying mortgage free there is no legal requirement to have them, but we would absolutely advise in no uncertain terms that you have them. If timings and price are top of your issues you should discuss with your solicitor about the possibility of search insurance
Having sold my house in Norbury last June but our buyer keeps e-mailing daily to moan that their conveyancer is waiting to hear from mylawyer. What should have happened now that I have sold?
Following your house sale your lawyer is committed to forward the transfer deeds and all of the paperwork to the purchaser's lawyers. Where appropriate, your solicitor should also send confirmation that the legal charge in favour of the lender has been paid off to the purchasers conveyancers. There are no post completion tasks just for conveyancing in Norbury.
Should our conveyancer be asking questions regarding flooding as part of the conveyancing in Norbury.
The risk of flooding is if increasing concern for conveyancers specialising in conveyancing in Norbury. Some people will buy a property in Norbury, fully expectant that at some time, it may suffer from flooding. However, aside from the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Lawyers are not best placed to impart advice on flood risk, however there are a numerous checks that can be undertaken by the buyer or by their solicitors which will give them a better appreciation of the risks in Norbury. The standard property information forms sent to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a usual question of the owner to find out if the premises has suffered from flooding. If flooding has previously occurred and is not revealed by the vendor, then a purchaser could commence a legal claim for losses resulting from an incorrect response. A buyer’s conveyancers may also commission an environmental report. This will disclose if there is a recorded flood risk. If so, additional inquiries will need to be carried out.
About to purchase a new build apartment in Norbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Norbury
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I've recently found out that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Norbury is the location of the property. What do you suggest?
Flying freeholds in Norbury are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Norbury you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Norbury may ascertain 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.