Last October we completed a house move in Great Stanmore. We have noticed several issues with the house which we consider were missed in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been carried out as part of conveyancing in Great Stanmore?
It is not clear from the question as to the nature of the problems and if they are specific to conveyancing in Great Stanmore. Conveyancing searches and investigations undertaken during the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, the vendor completes a form referred to as a SPIF. If the information proves to be misleading, then you may have a claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Great Stanmore.
Can I use your services to recommend a Conveyancing solicitor in Great Stanmore even if I’m not buying or disposing of a house, for example if I wish to acquire an office in Great Stanmore with a loan from Chelsea Building Society?
The service is mainly used to locate residential conveyancing solicitors in Great Stanmore but we have recorded at the bottom of this page a selection of Great Stanmore commercial conveyancing firms. You will need to speak with the solicitors directly to check if they can also act for Chelsea Building Society
I am about to put a bid on a leasehold apartment in Great Stanmore. The estate agents advise that it is usual for flats in Great Stanmore to have less than 75 years remaining. I am obtaining a loan with Virgin. Will the property be mortgageable given that the lease has 69 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 9/12/2018 the requirements read as follows :
I decided to have a survey completed on a property in Great Stanmore prior to instructing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some lenders tend refuse to give a loan on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. If you e-mail us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Great Stanmore. Conveyancing will be smoother if you use a solicitor in Great Stanmore especially if they are familiar with such properties in Great Stanmore.
Estate agents have just been given the go-ahead to market my ground floor apartment in Great Stanmore.Conveyancing solicitors are to be appointed soon however I have recently had a yearly service charge demand – what should I do?
The sensible thing to do is clear the maintenance contribution as usual given that all ground rent and maintenance invoices will be allottedas part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially