The owners have very assertive vendors who has insisted on a preliminary contract with a deposit 6,000. Are such agreements sensible?
This form of contract is not the norm in Thornton Heath, conveyancers are not keen on them as they detract from the primary objective, namely conveyancing and if you end up having your deposit forfeited then the lawyer at best left with an upset client and at worst a litigious one. Furthermore, there is no guarantee that just because the vendor has signed an exclusivity agreement they will sell to you. They may be inclined to break the contract if they are offered sufficient financial inducement to do so because an aggrieved claimant with the benefit of a lockout agreement will still have to establish consequential losses from the breach and this may not compare to the financial benefit that your seller may secure by reneging on the contract, no matter how morally shameful it undoubtedly is.
4 months have elapsed since my purchase conveyancing in Thornton Heath took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a ground for flat up to £305k and identified one round the corner in Thornton Heath I like with open areas and railway links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Thornton Heath for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage that many years will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
Is it best to appoint a Thornton Heath conveyancing lawyer based in the area that I am buying? I have an old university friend who can conduct the legal work but her office is over three hundred kilometers drive away.
The benefit of a local Thornton Heath conveyancing firm is that you can attend the office to execute paperwork, hand in your identification documents and pester them where appropriate. Having local Thornton Heath know how is a plus. That being said it's more important to get someone that will do a good and efficient job. If you know people who used your friend and the majority were content that should surpass using an unfamiliar Thornton Heath conveyancing solicitor solely due to them being Thornton Heath based.
All being well we will complete our sale of a £375,000 flat in Thornton Heath in just under a week. The managing agents has quoted £360 for Landlord’s certificate, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Thornton Heath?
Thornton Heath conveyancing on leasehold apartments normally requires the buyer’s lawyer sending questions for the landlord to answer. Although the landlord is not legally bound to respond to these enquiries most will be willing to assist. They are entitled to invoice a reasonable administration fee for responding to questions or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it is above £800. The administration charge demanded by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration fees, without which the invoice is not strictly payable. Reality however dictates that one has no option but to pay whatever is demanded if you want to exchange contracts with the buyer.
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Thornton Heath conveyancing firm to represent me?
if there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to calculate the premium.
An example of a Lease Extension decision for a Thornton Heath flat is Ground Floor Flat 14 Lodge Road in October 2013. the tribunal held that the price payable for the acquisition of the extended lease of the property should be £12,590 .00 This case affected 1 flat. The remaining number of years on the lease was 69.46 years.
How do I search for a Thornton Heath conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to twentykilometers to attend the lawyer.
You can use the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Thornton Heath and you will see a number of lawyer located nearest Thornton Heath. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the lender solicitor panel.