We went with a high street firm for my conveyancing in Petts Wood recently. Reviewing the terms of engagement I seewe are responsible for fees even if our purchase doesn't happen. Should I ditch them and use a web based solicitor practice offering no-sale-no-fee conveyancing in Petts Wood?
It is usually a trade off in that if "No Completion No Fee" is available then the conveyancing charges will generally be more expensive to counteract the conveyances that do not proceed. Please beware that such arrangements tend not to cover expenditure for example Petts Wood conveyancing search charges.
We are buying a house and need a conveyancing solicitor in Petts Wood who is on the Leeds Building Society approved panel. Can you recommend a local firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in Petts Wood.
How does conveyancing in Petts Wood differ for newly converted properties?
Most buyers of new build residence in Petts Wood approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is finished. This is because house builders in Petts Wood tend to acquire the land, 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 Petts Wood or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a quick, no chain conveyancing. Petts Wood is the location of the property. Can you shed any light on this issue?
Flying freeholds in Petts Wood are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Petts Wood you would need to get your solicitor to go 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 Petts Wood 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 property.
In what way does the Landlord & Tenant Act 1954 impact my business property in Petts Wood and how can you help?
The 1954 Act provides a safeguard to commercial lessees, granting the dueness to apply to court for a renewal lease and continue in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and assist with commercial conveyancing in Petts Wood
I have just started marketing my garden apartment in Petts Wood. Conveyancing solicitors are to be appointed soon, but I have recently received a quarterly maintenance charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should discharge the invoice as usual because all rents and maintenance payments should be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
My wife and I have hit a brick wall in trying to purchase the freehold in Petts Wood. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a Petts Wood conveyancing firm who can help.
An example of a Lease Extension decision for a Petts Wood property is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The remaining number of years on the lease was 50.57 years.