Is there a reason why leasehold purchase conveyancing in Southfields is more expensive?
Southfields leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Our mortgage company has suggested a law firm on their panel based in Southfields but I would rather instruct a conveyancing lawyer in Southfields round the corner to me. Can you assist?
The minority of Southfields conveyancing firms are on all banks conveyancing panel. Use our find an approved solicitor tool to locate a Southfields conveyancing firm on the on the mortgage company panel.
A relative recommended that where I am buying in Southfields I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes included in the estimate for your Southfields conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Southfields around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Southfields Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information about Southfields.
In my capacity as executor for the estate of my uncle I am selling a property in Neath but reside in Southfields. My lawyer (approximately 235 miles awayneeds me to sign a stat dec before the transaction finalising. Can you recommend a conveyancing lawyer in Southfields to witness this legal document for me?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are located in Southfields
Last February I purchased a leasehold property in Southfields. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the leaseholder of a second floor flat in Southfields. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the sum due for a lease extension?
if there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the LVT to decide the price.
An example of a Lease Extension case for a Southfields residence is 83 Balvernie Grove in February 2012. The Tribunal assessed the price to be paid by the leaseholder to the freeholder for the lease extension pursuant to section 48 of the Leasehold Reform Housing & Urban Development Act 1993 should be£16,603.00 This case related to 1 flat. The remaining number of years on the lease was 69.32 years.
How do I search for a Southfields conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 10kilometers to meet the lawyer.
You can use the find a conveyancing panel search on this website. Please choose the lender and your location, in this case Southfields and you will see a number of lawyer located nearest Southfields. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.