My partner’s step-father is a solicitor. I anticipate that I will be offered preferential pricing for conveyancing, However if that does not come materialise, what kind of costs should I be paying for conveyancing in Marshalls Park?

Do contrast pricing. Do use our comparison tool on this site. The prices do be different but service levels do are distinct between property lawyers as is true with most professions.

Just had an offer accepted on a new build flat in Marshalls Park. Conveyancing is a frightening process 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.

Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Marshalls Park

Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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 Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.

I need to instruct a conveyancing lawyer in Marshalls Park for my home move. Is it possible to check a firm’s complaints history with the legal regulator?

Anyone may find presented Solicitor Regulator Association (SRA) determinations resulting from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The regulator sometimes monitor call for training requirements.

I am looking at a two flats in Marshalls Park which have approximately 50 years remaining on the leases. should I be concerned?

There are no two ways about it. A leasehold flat in Marshalls Park is a deteriorating asset as a result of the reducing lease term. The nearer the lease gets to zero years unexpired, the more it reduces the marketability of the property. For most buyers and lenders, leases with less than eighty years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Marshalls Park conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

Marshalls Park Leasehold Conveyancing - Sample of Queries Prior to Purchasing

The prefered form of lease structure is where the freehold reversion is in the ownership of the leaseholders. In this situation the lessees have control and even though a managing agent is often employed where it is bigger than a house conversion, the managing agent retained by the leaseholders. Is the freehold owned jointly by the tenants? It would be sensible to discover as much as you can regarding the managing agents as they will affect your use and enjoyment of the property. As the proprietor of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to daily issues like the cleanliness of the common parts. You should not be shy to ask prospective neighbours if they are happy with their management. On a final note, investigate as to the dates that the maintenance charges are due to the relevant party and specifically what you get for your money.

I’m about to sell my garden apartment in Marshalls Park.Conveyancing lawyers have not yet been instructed but I have just had a yearly service charge demand – should I leave it to the buyer to sort out?

Your conveyancing lawyer is likely to suggest that you should clear the service charge as you normally would given that all rents and service invoices will be apportionedas part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies 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