I am acquiring a house for cash in South Croydon. I have lived for the previous twelve years in South Croydon. Conveyancing searches are expensive. Given that I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?
If you not getting a mortgage, then almost all of the South Croydon conveyancing searches are at your discretion. Your conveyancer will try and sway you, perhaps strongly, that you should have searches done, but she is duty bound to do this. Do take into account; if you are going to dispose of the house one day, it could be of relevance to your future buyer what the searches reveal. Sometimes premises with no practical issues can still throw up detrimental search results. A competent conveyancing solicitor in South Croydon will provide you some constructive guidance concerning this.
I'm buying my first flat in South Croydon with the aid of help to buy. The builders refused to move on the price so I negotiated £7000 of extras instead. The estate agent suggested that I not inform my lawyer about this extras as it would impact my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the advice of my in-laws I had a survey completed on a house in South Croydon prior to instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor advised that some mortgage companies will refuse to grant a loan on this type of premises.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. If you e-mail us we can look into this further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in South Croydon. Conveyancing may be slightly more expensive based on your lender's requirements.
Is it simple use the search tool to get a fee calculation from a conveyancing solicitor in South Croydon on the panel for my mortgage?
Step one is to pick a bank such as Lloyds TSB Bank, Barnsley Building Society or Barclays Direct then choose your location e.g. South Croydon. Conveyancing practices in South Croydon and beyond should be identified.
There are only Seventy years left on my flat in South Croydon. I am keen to extend my lease but my freeholder is absent. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. You will be obliged to prove that you have done all that could be expected to track down the lessor. In some cases a specialist may be useful to conduct investigations and to produce a report which can be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a conveyancer both on proving the landlord’s absence and the vesting order request to the County Court covering South Croydon.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a South Croydon conveyancing firm to assist?
Absolutely. We are happy to put you in touch with a South Croydon conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a South Croydon property is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case affected 6 flats. The number of years remaining on the existing lease(s) was 78.32 years.
Are you able to explain what my options are where my South Croydon conveyancing searches reveals detrimental entries?
On the whole, almost all issues exposed in South Croydon conveyancing search results can be addressed before completion or title insurance may be obtained. You should note that even though you are buying the property and might be content to accept the search results, your mortgage lender may not, and ultimately they have the word say.