We were about to instruct a conveyancing solicitor in Petts Wood found by you but stumbled across some other fee calculations via the web seem less expensive – how come?
There are numerous conveyancing organisations advertising at first sight what seems to be cut price. We suggest that you think long and hard as to how much you respect your own move to you are willing to take 'cheap' risks in relation to the quality of the conveyancing. Many of them highlight a low fee as a headline but bury supplemental costs in the small print..
Do the conveyancing solicitors identified through your search tool conduct auction conveyancing in Petts Wood?
There are a few auction solicitors we can connect you with those conducting auction conveyancing. Petts Wood is one of our areas of where our lawyers have a presence.
I need some expedited conveyancing in Petts Wood as I am under an ultimatum to sign on the dotted line inside one month. A mortgage is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are not getting a mortgage you are at liberty not to have searches conducted although no solicitor would recommend that you don't. Drawing on years of experience of conveyancing in Petts Wood the following are examples of what can appear and adversely impact future saleability: Enforcement Actions, Overdue Charges, Overdue Grants, Road Schemes,...
Are there restrictive covenants that are commonly picked up as part of conveyancing in Petts Wood?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Petts Wood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking at a two apartments in Petts Wood which have in the region of fifty years left on the lease term. Do I need to be concerned?
There is no doubt about it. A leasehold flat in Petts Wood is a wasting asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it adversely affects the value of the premises. For most purchasers and mortgage companies, leases with less than 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Petts Wood conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Despite our best efforts, we have been unsuccessful in trying to reach an agreement for a lease extension in Petts Wood. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We can put you in touch with a Petts Wood conveyancing firm who can help.
An example of a Lease Extension case for a Petts Wood flat 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 related to 1 flat. The remaining number of years on the lease was 50.57 years.
I am due to review estimates for conveyancing in Petts Wood from numerous lawyer and appoint one. Should I get them to hold tight until I I have an offer accepted on a house.
You should wait to request your conveyancer to commence work and submit searches once the offer has been agreed to on the property especially as Petts Wood conveyancing searches are not cheap.