Recently contacted my conveyancing solicitor in Lewisham who acted for me two years ago requesting a conveyancing estimate based on the same type of house sale & purchase (a leasehold residence and a freehold property) of similar values with a home loan from Nottingham Building Society. I am now being quoted double. Am I right to be tempted to shop around for a cheaper internet firm of conveyancing solicitor?
The estimate does seem a tad steep. Where you are prepared to expend time contrasting costs you might decrease the fees slightly by as much as £100 plus VAT. On the other hand, providing that you were happy with the legal work the firm provided you couldlive to rue choosing an an untested lawyer. If is important to check the conveyancer can represent Nottingham Building Society. You can utilise our search tool to locate a Lewisham conveyancing firm on the Nottingham Building Society conveyancing panel, which can often include conveyancing solicitors in Lewisham.
Me and my brother have a terraced Victorian house in Lewisham. Conveyancing practitioner represented me and HSBC Bank. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Lewisham and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with your conveyancing practitioner who carried out the work.
Just had an offer accepted on a new build apartment in Lewisham. 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.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Lewisham
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. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. 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.
Is it simple use the search app to select a conveyancing practitioner in Lewisham on the approved list for my lender?
1st pick a lender such as HSBC Bank, Norwich and Peterborough Building Society or Bank of Ireland then choose your location a common one being Lewisham. Conveyancing firms in Lewisham and across England and Wales will then be listed.
I am employed by a long established estate agency in Lewisham where we have experienced a number of flat sales put at risk due to short leases. I have been given contradictory information from local Lewisham conveyancing firms. Could you clarify whether the vendor of a flat can instigate the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I own a ground-floor 1960’s flat in Lewisham. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
Most definitely. We can put you in touch with a Lewisham conveyancing firm who can help.
An example of a Lease Extension case for a Lewisham property is 73 Walerand Road in August 2012. the result of the findings of the Tribunal led to a premium to be paid for the extended lease in respect of Flat 73 in the sum of £10,040. The premium applicable in respect of Flat 85 was £5,710. This case related to 2 flats. The unexpired residue of the current lease was 72 years.