A colleague pointed out to me me that in purchasing a property in Sheen Park there may be a number of restrictions limiting what one can do in terms of external alterations to the property. Is this right?
We are aware of anumerous of properties in Sheen Park which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Sheen Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Please help - my lawyer advises that lack of right of way insurance is required on my purchase. What is the level of cover for Sheen Park conveyancing?
The right level of lack of right of way indemnity insurance depends on your lender. It would differ for example between Lloyds TSB Bank and Bank of Scotland. Conveyancing lawyers as opposed to members of the public take out such policies.
I recently had an offer agreed on an apartment in Sheen Park. My financial adviser pressured me to appoint their lawyer. I paid an upfront payment of £150. Not long after, the solicitor contacted me sheepishly admitting that they were not on the Coventry BS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Coventry BS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I need some quick conveyancing in Sheen Park as I have a deadline to complete within 4 weeks. 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 do searches although no solicitor would advise that you don't. Drawing on our experience of conveyancing in Sheen Park the following are instances of issues that can appear and therefore affect future saleability: Refused Planning Applications, Outstanding Fees, Overdue Grants, Railway Schemes,...
2 months have gone by since my purchase conveyancing in Sheen Park concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Sheen Park differ for new build properties?
Most buyers of new build premises in Sheen Park approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because developers in Sheen Park usually acquire the real estate, 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 conveyancing solicitors 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 accustomed to new build conveyancing in Sheen Park or who has acted in the same development.
I am employed by a reputable estate agency in Sheen Park where we have witnessed a number of flat sales derailed due to short leases. I have received contradictory information from local Sheen Park conveyancing firms. Could you clarify whether the owner of a flat can commence the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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.
Having spent months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Sheen Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We can put you in touch with a Sheen Park conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Sheen Park premises is 19 St. Margarets Crescent in August 2010. the tribunal was of the view that the premium to be paid by the leaseholder for the freehold reversion was £51,983.00 This case was in relation to 3 flats. The remaining number of years on the lease was 66.25 years.
Me and my husband are disposing of a Sheen Park house we inherited 8 years ago in 2011. I have over twenty years conveyancing experience and, now retired, intend to conduct the legal work. The purchaser's lawyer has informed me that their building society will not allow you to do your own conveyancing insisting the funds to be passed via a solicitor's bank account.
Lending requirements to property lawyers from all mainstream lenders specify that If the seller is not legally represented the purchaser’s lawyers should check whether the bank needs to be informed so that a decision can be reached as to whether they are prepared to proceed.