I am assisting my step-mother sell her flat in Copthorne. Does the solicitor arrange the energy performance certificate or do I organise this?
Following the demise of Home Packs, energy performance certificates was maintained a mandatory part of selling a property. An energy assessment needs to be to hand before the property is put on the market. It is not something that conveyancers normally organise. Where you are instructing a Copthorne conveyancing practitioner they may be willing to arrange energy performance certificates due to their relationships with long established local assessors
We are getting the release of further monies on our mortgage from Lloyds as we intend to conduct alterations to our property in Copthorne. Do we need to select a nearby Copthorne solicitor on the Lloyds conveyancing panel to deal with the paperwork?
Lloyds would not normally instruct a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds list.
We have agreed to purchase a house in Copthorne. An unusual aspect is that the roof has a solar panel. Co-operative have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Co-operative your lawyer must check the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for Co-operative. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and lawyers are required to report to Co-operative where a lease fails to satisfy these specifications. The requirements relate to the installation of panels on properties nationwide and is not limited to Copthorne.
The estate agent has sent us the confirmation of our purchase of a new build flat in Copthorne. Conveyancing is daunting 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.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Copthorne
Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants.
I am looking for a leasehold apartment up to £195,000 and identified one near me in Copthorne I like with a park and transport links nearby, however it only has 52 remaining years left on the lease. There is not much else in Copthorne for this price, so just wondered if I would be making a mistake buying a short lease?
If you need a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I'm converting the mortgage on my current home to a buy to let mortgage with Alliance & Leicester and intend to use the remaining equity towards another property. The neighborhood we are interested in is Copthorne. Will your conveyancers be able to act for the two mortgage companies and tie in the transactions?
Make use of our search tool on this site to check that the lawyers are on the appropriate lender panels. On the basis that they are your solicitor will be able to connect the two deals but you should have a chat with you conveyancer and make clear your expectations and requirements.
I've found a house that appears to meet my requirements, at a great price which is making it all the more appealing. I have since been informed that it's a leasehold rather than freehold. I would have thought that there are issues buying a leasehold house in Copthorne. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Copthorne ?
The majority of houses in Copthorne are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Copthorne so you should seriously consider looking for a Copthorne conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example obtaining the freeholder’sconsent to carry out alterations. You may also be required to pay a service charge towards the maintenance of the communal areas where the house is part of an estate. Your solicitor should report to you on the legal implications.
I own a leasehold flat in Copthorne, conveyancing was carried out 9 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in Copthorne with a long lease are worth £196,000. The ground rent is £45 per annum. The lease ceases on 21st October 2083
With only 64 years remaining on your lease we estimate the premium for your lease extension to be between £15,200 and £17,600 as well as costs.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.