Is there a reason to instruct a Soho conveyancing solicitors firm given that web based conveyancers are more affordable?
To take your time to find shop around for conveyancing costs in Soho and you should seek a reasonable fee calculation but don’t become consumed with searching for the lowest priced Soho conveyancer. Locating the right conveyancer can be the difference between a seamless and a distressing home move. You need to ensure that you have expert advice from an experienced conveyancer. Emails can't take the place of a telephone discussion and can never replicate a one to one appointment. Our partner firms will allocate you a qualified and experienced conveyancing solicitor who can tackle your conveyancing from beginning to end, giving the sort of hand holding that you are unlikely to received from an online conveyancer. Our lawyers will keep you updated as to progress and keep you informed. Should it ever be necessary to phone the office you will know who to ask for and they will endeavour to make sure that you're not left wondering what's going on.
My fiance and I intend to remortgage our apartment in Soho with Santander. We have a son 18 who lives at home. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the flat is repossessed. I have two concerns (1) Is this form unique to the Santander conveyancing panel as he never had to sign this form when we bought 5 years ago (2) Does our son by signing this giving up his entitlement to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Santander. This is solely used to protect Santander if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Santander had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
What does a local search reveal concerning the property I am purchasing in Soho?
Soho conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations for instance Xpress Legal The local search plays an important part in most Soho conveyancing purchase; that is if you wish to avoid any unpleasant surprises after you move into your property. The search will provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
I have been on the look out for a flat up to £235,500 and found one close by in Soho I like with a park and railway links in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in Soho in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term may be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I am tempted by the attractive purchase price for a two maisonettes in Soho both have in the region of 50 years unexpired on the leases. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Soho. The lease is a right to use the premises for a prescribed time frame. As the lease gets shorter the saleability of the lease deteriorates and it becomes more costly to acquire a lease extension. This is why it is advisable to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this arena.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Soho conveyancing firm to act on my behalf?
in cases where there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the premium.
An example of a Freehold Enfranchisement case for a Soho flat is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case was in relation to 1 flat. The unexpired residue of the current lease was 73.26 years.
What type of property do your Soho conveyancing quotes apply to?
Our conveyancing quotes are only appropriate to standard domestic premises in England & Wales. Where you have any different needs for instance industrial or agricultural land or commercial conveyancing in Soho do telephone us to consider this further .