Why is leasehold purchase conveyancing in Shortlands is more expensive?
The conveyancing fees on a leasehold property in Shortlands is inevitably higher than on a freehold transaction. This is due to the supplemental time necessary in dealing with the landlord and managing agents to collate the evidence concerning whether the rent and service charges have been discharged and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.
Is there a search tool that I can utilise to discover of the solicitor handling my conveyancing in Shortlands is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Coventry Building Society thus paying £187.00 plus VAT in additional legal charges.
Feel free to make use of the find a lender approved solicitor tool on this page. Pick the lender and type ‘Shortlands’ or your preferred area and you will be presented with a number of lawyer offices in Shortlands or near you.
We are purchasing a property and the solicitor has mentioned Chancel Repair for which the property may be liable as it falls into the area of such a church. She has mentioned insurance. Is this really required for conveyancing in Shortlands
Unless a previous purchase of the property completed after 12 October 2013 you may expect lawyers handling conveyancing in Shortlands to continue to propose a a chancel search and or insurance against a claim.
I decided to have a survey completed on a house in Shortlands in advance of instructing solicitors. I have been told that there is a flying freehold element to the house. The surveyor has said that some mortgage companies may not give a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. Should you wish to telephone us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Shortlands. Conveyancing will be smoother if you use a solicitor in Shortlands especially if they are familiar with such properties in Shortlands.
In my capacity as executor for the estate of my aunt I am selling a residence in Neath but I am based in Shortlands. My solicitor (approximately 260 kilometers from mehas requested that I execute a stat dec prior to completion. Can you recommend a conveyancing practitioner in Shortlands who can witness and place their company stamp on the document?
strictly speaking you should not be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are based in Shortlands
I am a negotiator for a busy estate agent office in Shortlands where we have witnessed a few flat sales jeopardised as a result of short leases. I have been given inconsistent advice from local Shortlands conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can start the lease extension process for the purchaser on completion of the sale?
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. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
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 purchaser.
My wife and I have hit a brick wall in trying to purchase the freehold in Shortlands. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to assess the price payable.
An example of a Freehold Enfranchisement decision for a Shortlands premises is Ravensbourne Lodge 4 Highland Road in February 2013. the Tribunal held that the amount payable for the freehold was £22,268