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Recently asked questions about conveyancing in Crystal Palace

At what point does exchange of contracts occur in purchase conveyancing in Crystal Palace and do I need to be at the conveyancers branch?

Where you are round the corner to one of the conveyancing solicitors in Crystal Palace you are invited in to sign documents. That being said, the firms we recommend offer a national conveyancing service and provide just as detailed and professional a job for you when communicating with you by post or email. The executing of the contract is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the conveyancer to officially exchange at the suitable time, which is ordinarily shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Crystal Palace)to be in the office available at the end of the phone to exchange contracts.

I have been told that property searches are a common cause of stalling in Crystal Palace conveyancing transactions. Is there any truth in this?

The Council of Property Search Organisations (CoPSO) released determinations of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances during the legal transfer of property. Searches are unlikely to feature in any delay in conveyancing in Crystal Palace.

I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a quick, no chain conveyancing. Crystal Palace is where the house is located. What do you suggest?

Flying freeholds in Crystal Palace are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Crystal Palace you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Crystal Palace may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

I am a sole trader looking to lease a unit on the high street. Can you recommend conveyancers offering fixed charges for commercial conveyancing in Crystal Palace for under £2000?

We can recommend firms who host a wealth of experience of commercial conveyancing in Crystal Palace, including the disposal and purchase of businesses as well as simply property. If you are intending to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we will find you the right firm. As for the fees these will vary based on the structure and heads of terms of the deal. Let us have your details or telephone us so that we may supply you with a fixed commercial conveyancing quote.

Expecting to exchange soon on a studio apartment in Crystal Palace. Conveyancing lawyers have said that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Crystal Palace should include some of the following:

    Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? Responsibility for maintaining the window frames It needs to be made clear to you if the lease allows you to add or improve aspects of the premises- you must know whether any restrictions applies to all alterations or just structural alteration, and whether consent is required The unexpired lease term. You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years Your lawyers should enable you to have an understanding of the building insurance requirements
For a comprehensive list of information to be included in your report on your leasehold property in Crystal Palace please enquire of your lawyer in advance of your conveyancing in Crystal Palace.

My wife and I have hit a brick wall in trying to purchase the freehold in Crystal Palace. Can the Leasehold Valuation Tribunal adjudicate on premiums?

Most certainly. We can put you in touch with a Crystal Palace conveyancing firm who can help.

An example of a Lease Extension decision for a Crystal Palace residence is Flat 5 4 Border Crescent in December 2013. the tribunal calculated that premium payable for the acquisition of a lease extension of the subject premises was in the sum of £14,900 (Fourteen thousand, nine hundred pounds). Those advising the applicant were advised to send a copy of the decision and a copy of the new lease with the premium (less the applicants costs as assessed by the Court) to the Croydon County Court (under claim number 3CR01226) for an officer of the Court to execute the new lease on behalf of the absentee landlord who is missing and cannot be traced). This case affected 1 flat. The unexpired residue of the current lease was 69 years.

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Find out more about how flying freehold can affect your the value of a property.