My husband and I are purchasing a newly built duplex in Bickley and my conveyancer is advising me that she is duty bound to the mortgage company to reveal incentives from the developer. I am nearing the developer’s deadline to exchange and my preference is not to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am buying a new build flat in Bickley. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Bickley
Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I am looking to sell my home. My former solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Bickley if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Bickley. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Expecting to sign contracts shortly on a leasehold property in Bickley. Conveyancing lawyers inform me that they report fully on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Bickley should include some of the following:
Defining your legal entitlements in respect of the communal areas in the building.For instance, does the lease grant a right of way over an accessway or hallways? You should have a good understanding of the insurance provisions What options are available to the landlord where you breach a clause of your lease? The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. What options are open to you if another leaseholder in the building is in violation of a provision in their lease?
Following months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Bickley. Can we issue an application to the Residential Property Tribunal Service?
Where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, 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 make a decision on the price payable.
An example of a Lease Extension matter before the tribunal for a Bickley residence is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case related to 1 flat. The remaining number of years on the lease was 50.57 years.
How does one as executor remove a deceased person's name from the title deeds for a house in Bickley?
If a Bickley property is co-owned and one of the owners dies, the name will not immediately be removed from the Land Registry title. It is not necessary to amend the title as in the event of a sale you would just be asked to supply proof as to the reason the joint owner is missing from the conveyance, such as the probate documents.
With a view to making things smoother in the future you may apply to have the deceased person removed from the title register by applying to HM Land Registry with proof of the death. There is no fee from the Registry for this service.