Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in Little Oakley. My lender is Bank of Ireland
Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 18/4/2019, the requirements read as follows :
I require expedited conveyancing in Little Oakley as I have pressure to complete inside 2 weeks. Luckily I do not require a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
If.Given you are not taking a home loan you are at free not to do searches although no solicitor would advise that you don't. With plenty of history conveyancing in Little Oakley the following are instances of issues that can arise and adversely impact the marketability of the property: Refused Planning Applications, Outstanding Fees, Outstanding Grants, Road Schemes,...
I am buying a new build flat in Little Oakley. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Little Oakley
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Is it possible to switch firm as I have to instruct a firm on the Barclays conveyancing list. I was using a high street conveyancing solicitor in Little Oakley five minutes from me but she is not approved by Barclays
It would be our pleasure to assist you select a conveyancing solicitor in Little Oakley on the Barclays panel. Please note that the solicitors that we work with do not pay us a referral fee if you instruct them and are authorised and regulated by the SRA who oversee all conveyancing solicitors in Little Oakley. In making use of the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Little Oakley.
I am employed by a busy estate agent office in Little Oakley where we have witnessed a few leasehold sales put at risk as a result of short leases. I have been given contradictory information from local Little Oakley conveyancing firms. Can you confirm whether the owner of a flat can instigate the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 buyer.
I am the registered owner of a studio flat in Little Oakley, conveyancing having been completed in 1999. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Little Oakley with a long lease are worth £265,000. The ground rent is £50 per annum. The lease expires on 21st October 2095
With just 76 years remaining on your lease we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.