I plan on acquiring a ground floor flat in Moor Park. My lawyer has never been on on the lender conveyancing list. Can I still continue with my Moor Park conveyancing solicitor even though they are not on the lender panel of approved conveyancing solicitors?

One will need to have a conveyancer to complete the formalities when you need a mortgage to purchase your home. The conveyancer will carry out all the essential due diligence on the property, make sure that you will be registered as proprietor and ensure that all the necessary mortgage documentation is in order. You could appoint a Moor Park property lawyer of your choice. However, where the conveyancing practitioner selected is not on the lender approved list additional fees will arise as separate legal representation will be need by the mortgage company. Conveyancing panel applications may be submitted, so provided your solicitor has not previously applied for membership they can do so.

I am looking for a flat up to £245,000 and found one near me in Moor Park I like with a park and transport links nearby, the downside is that it only has 52 remaining years left on the lease. There is not much else in Moor Park for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you require a mortgage that many years will likely be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.

We are a couple of weeks into a leasehold purchase having been recommend to a firm by the local agent to perform conveyancing in Moor Park. I am am starting to be dissatisfied with the quality of service. Could you you assist me in finding new conveyancers?

A lawyer would need to be very bad in order to consider replacing them. Has your mortgage offer been generated? In the event that it has you will need to advise them of the new contact details and ensure the offer are re-issued. Your new solicitor ideally needs to be on the lenders approved list to avoid added charges and complications. That should be your first question of the new lawyers. Our find a solicitor tool should assist you in finding a lender approved solicitor for your home move in Moor Park

What advice can you give us when it comes to appointing a Moor Park conveyancing practice to deal with our lease extension?

If you are instructing a conveyancer for lease extension works (regardless if they are a Moor Park conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Moor Park conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:

How familiar is the practice with lease extension legislation?

I have attempted and failed to negotiate with my landlord to extend my lease without success. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Moor Park conveyancing firm to assist?

You certainly can. We are happy to put you in touch with a Moor Park conveyancing firm who can help.

An example of a Lease Extension case for a Moor Park flat is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case related to 3 flats. The remaining number of years on the lease was 71 years.

What is the distinction between surveying and conveyancing in Moor Park?

Conveyancing - in Moor Park or elsewhere - is the legal term given to transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re purchasing and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the vendor to remedy the problems prior to you move in.