I am need of leasehold conveyancing for a flat in a fairly new development (seven years built) in West Dulwich. The vast majority the flats are already occupied. Is it really necessary to order local searches for my conveyancing in West Dulwich?
You are taking a significant risk in not carrying out West Dulwich conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal necessity to have them, but we would absolutely advise in the strongest possible terms that you have them. If timings and price are top of your issues you should consider with your solicitor about the options such as lack of search insurance available to you
I am purchasing a new build house in West Dulwich with a loan from Lloyds TSB Bank. The builders refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep told me not to tell my conveyancer about the side-deal as it would jeopardize my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I have been on the look out for a flat up to £245,000 and found one near me in West Dulwich I like with open areas and railway links in the vicinity, however it only has 51 years on the lease. I can't really find anything else in West Dulwich for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
I am using a search engine for the term on line conveyancing in West Dulwich it shows results of many solicitorslocally. How do I determine which is the suitable conveyancing solicitor for me?
The best method of seeking a suitable conveyancer is via trusted recommendation, so enquire of friends and those you trust who have bought a property in West Dulwich or a local estate agent or financial adviser. Fees for conveyancing in West Dulwich differ, so it's advisable to obtain at least three fee calculations from varying types of property lawyers. Make sure that you know that the fees are fixed.
My wife and I may need to let out our West Dulwich 1st floor flat temporarily due to taking a sabbatical. We used a West Dulwich conveyancing practice in 2001 but they have closed and we did not think at the time seek any advice as to whether the lease allows us to sublet. How do we find out?
Even though your last West Dulwich conveyancing solicitor is no longer around you can review your lease to see if you are permitted to let out the premises. The accepted inference is that if the deeds are silent, subletting is allowed. There may be a precondition that you need to obtain consent from your landlord or some other party before subletting. This means you not allowed to sublet in the absence of prior permission. The consent is not allowed to be unreasonably withheld. If the lease does not allow you to sublet you will need to ask your landlord for their consent.
After months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in West Dulwich. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee landlord or where there is disagreement about what the lease extension should cost, 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 decide the sum to be paid.
An example of a Freehold Enfranchisement decision for a West Dulwich property is 8 Deerbrook Road in May 2010. the Tribunal held that the enfranchisement price, in accordance with section 32 and Schedule 6 of the Leasehold Reform, Housing and Urban Development Act 1993 was £22,820, payable by the Applicants. By an order of the Lambeth County Court dated 17 June 2009 the case had been transferred to the Leasehold Valuation Tribunal for its determination of the premium payable This case related to 3 flats.
How much experience do your West Dulwich conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
West Dulwich conveyancing lawyers help thousands of people move home every year and supported lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique West Dulwich conveyancers have worked on recent similar cases.