My house in St Leonard Shoreditch is up for sale and I have accepted an offer. Does my conveyancing practitioner need to be required to be on the Aldermore conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore 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 currently.
Due to the guidance of my in-laws I had a survey completed on a property in St Leonard Shoreditch before instructing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some lenders will refuse to grant a mortgage on a flying freehold property.
It varies from the lender to lender. Bank of Scotland has different instructions from Birmingham Midshires. If you call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in St Leonard Shoreditch. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in St Leonard Shoreditch to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in St Leonard Shoreditch cover?
St Leonard Shoreditch conveyancing for business premises covers a broad range of advice, provided by regulated solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Should I choose a St Leonard Shoreditch conveyancing solicitor in close proximity to the house I am hoping to buy? An old friend can deal with the legal formalities but they are based approximately 350kilometers away.
The primary upside of using a high street St Leonard Shoreditch conveyancing firm is that you can drop in to sign documents, present your identification documents and apply pressure on them where appropriate. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will do a good and efficient job. If if people you trust instructed your friend and they were happy that should outweigh using an unfamiliar St Leonard Shoreditch conveyancing solicitor just because they are St Leonard Shoreditch based.
I work for a busy estate agency in St Leonard Shoreditch where we see a few flat sales put at risk due to leases having less than 80 years remaining. I have received inconsistent advice from local St Leonard Shoreditch conveyancing solicitors. Please can you confirm whether the seller of a flat can commence the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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.
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a St Leonard Shoreditch conveyancing firm to assist?
Absolutely. We can put you in touch with a St Leonard Shoreditch conveyancing firm who can help.
An example of a Lease Extension decision for a St Leonard Shoreditch premises is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case was in relation to 2 flats. The unexpired residue of the current lease was 72.39 years.
Can a conveyancer remove a name from the title of my property in St Leonard Shoreditch ?
Removing or adding someone to the title of your house is relatively straightforward. You’ll need to appoint a solicitor to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a lawyer