I am acquiring a house mortgage free in Riddlesdown. I have lived for the last twelve years in Riddlesdown. Conveyancing searches are a lot of money. As I have knowledge of the area and road intimately should I not bother getting the solicitor to do all the conveyancing searches?
In the absence of a mortgage, then the vast majority of the Riddlesdown conveyancing searches are non-obligatory. Your solicitor will try and sway you, no-doubt strongly, that you should have searches completed, but she has a professional duty to take that path of advice. One thing to consider; if you are likely to dispose of the house one day, it could be of relevance to your future buyer what the searches contain. Sometimes premises with day to day issues can still reveal unfavourable search results. A competent conveyancing solicitor in Riddlesdown should be able to give you some constructive advice here.
I have been told that property searches are the main reason for stalling in Riddlesdown house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any slowing down conveyancing in Riddlesdown.
The deeds to our home are lost. The solicitors who handled the conveyancing in Riddlesdown 5 years ago no longer exist. What are my next steps?
Nowadays there are duplicates made of almost everything, and your lawyer will know precisely where to look for all the appropriate documentation so you may buy or dispose of your house without a hitch. If duplicates are not available, your solicitor may be able to put in place insurance or indemnities protecting you against possible claims on your property.
I'm purchasing my first flat in Riddlesdown with a loan from Norwich and Peterborough Building Society. The sellers would not reduce the amount so I negotiated £7000 of additionals instead. The estate agent suggested that I not disclose to my lawyer about this side-deal as it could adversely affect my mortgage with Norwich and Peterborough Building Society. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My business partner and I are wishing to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering no-sale-no costs for non-domestic conveyancing in Riddlesdown for under £1,200?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Riddlesdown, including the disposal and purchase of businesses as well as simply premises. Whether you are intending to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right lawyer. As for the charges this will depend on the structure and heads of terms of the proposed transaction. Let us have your details or call so as to enable us to furnish you with a fixed commercial conveyancing quote.
I work for a long established estate agent office in Riddlesdown where we see a number of flat sales derailed due to leases having less than 80 years remaining. I have received inconsistent advice from local Riddlesdown conveyancing solicitors. Please can you shed some light as to whether the vendor of a flat can commence the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Riddlesdown conveyancing firm to assist?
Most certainly. We can put you in touch with a Riddlesdown conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Riddlesdown property is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case was in relation to 6 flats. The unexpired lease term was 78.32 years.