We are due to complete on the purchase of a property in Slade Green but as a consequence of wreckage from the recent storms I have was able negotiate compensation from the current proprietors of £2k in the form of a adjustment in the price. This was going to be addressed as part of a side agreement yet Coventry BS will not agree to this. Why were they notified?
Your lawyer that is on the Coventry BS approved list is required to inform Coventry BS of any changes to the sale price. If you were to refuse your property lawyer to report the price change to Coventry BS then they would have to discontinue acting for you. In addition, Coventry BS and you would have to appoint a new lawyer for your conveyancing in Slade Green.
My apartment in Slade Green is up for sale and I have a purchaser. Will my solicitor need to be required to be on the Leeds Building Society conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
I have todayfound out that Wolstenholmes have closed. They carried out my conveyancing in Slade Green for a purchase of a freehold house 10 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Slade Green conveyancing specialists.
How does conveyancing in Slade Green differ for new build properties?
Most buyers of new build residence in Slade Green approach us having been asked by the builder to sign contracts and commit to the purchase even before the residence is constructed. This is because developers in Slade Green usually acquire the land, 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 property lawyers 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 used to new build conveyancing in Slade Green or who has acted in the same development.
What makes your site different to other online quote calculators when it comes to conveyancing in Slade Green?
At this site obtain a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Slade Green. As opposed to estate agents and brokerage sites we do not charge firms a fee if you choose them for your property ownership legalities in Slade Green
Despite our best endeavours, we have been unsuccessful in trying to reach an agreement for a lease extension in Slade Green. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a missing landlord or where there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to calculate the premium.
An example of a Lease Extension matter before the tribunal for a Slade Green residence 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 related to 13 flats. The number of years remaining on the existing lease(s) was 76 years.
When it comes to leasehold conveyancing in Slade Green what are the most common lease defects?
There is nothing unique about leasehold conveyancing in Slade Green. Most leases are individual and drafting errors can sometimes mean that certain clauses are wrong. For example, if your lease is missing any of the following, it could be defective:
A duty to insure the building Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause problems when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Santander, Bank of Scotland, and Bank of Ireland all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to pull out.