I am currently in the process of buying my council flat in Slade Green. I have a mortgage agreed with Clydesdale. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Clydesdale, you will need to appoint a solicitor on the Clydesdale conveyancing panel.
I currently have a mortgage with Barclays for my property in Slade Green. Conveyancing has been completed 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Barclays?
Barclays must be informed of your intention prior to letting out your property as this is likely to be a breach of Barclays’s mortgage conditions. It may be that Barclays will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Barclays directly. It should not be necessary to do this via a Barclays conveyancing panel lawyer.
I am due to exchange contracts on my house. I had a double glazing fitted in February 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Kent Reliance are being a right pain. The Slade Green solicitor who is on the Kent Reliance conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Kent Reliance are insisting on a building regulation certificate. Why do Kent Reliance have a conveyancing panel if they don't accept advice from them?
It is probably the case that Kent Reliance have referred the matter to their valuer. The reason why Kent Reliance may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Are there restrictive covenants that are commonly identified during conveyancing in Slade Green?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Slade Green. 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 for a ground for flat up to £245,000 and found one round the corner in Slade Green I like with a park and railway links nearby, the downside is that it's only got 51 years on the lease. I can't really find anything else in Slade Green in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the remaining unexpired lease term will be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
How do I locate a Slade Green solicitor on the Lloyds TSB Bank conveyancing panel? I have wheels and am happy to travel upto 20kilometers to meet the solicitor.
You can use the facility on this website. Please pick a lender and your location and you will see a number of Slade Green conveyancing lawyers locally. We have detailed some Slade Green conveyancing firms towards the end of this page and you can telephone them to check whether they are on the Lloyds TSB Bank approved list
I am employed by a busy estate agent office in Slade Green where we have witnessed a few flat sales derailed as a result of short leases. I have received contradictory information from local Slade Green conveyancing firms. Can you shed some light as to whether the owner of a flat can initiate the lease extension process 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 kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 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 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.
After years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Slade Green. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing freeholder or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the LVT to assess the premium.
An example of a Lease Extension matter before the tribunal for a Slade Green flat is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case affected 13 flats. The unexpired term was 76 years.
My lender have just issued us with a mortgage offer. We instructed a local conveyancer in Slade Green yesterday. A couple of hours ago, our broker phoned to advise us that the mortgage company said that we cannot use our solicitor as they aren't on their panel. As FTB's, we had no idea that the lender had some control over our choice Is this allowed?
You are permitted to instruct any conveyencer you prefer to choose including the said conveyancer in Slade Green nevertheless if they are not on the your lender's approved list you will have to incur additional cost so the bank can instruct their own conveyancer too. On occasion it is conceivable that your preferred conveyancing firm to get included on to the bank list of approved firms. Do make the most of internet tools including lenderpanel.com to find a conveyancing solcitor in Slade Green on the mortgage company panel. You can go into your high street mortgage company branch in Slade Green. They will know some good conveyancing solicitors in Slade Green on the panel for your mortgage company.