I have just over seventy years unexpired on my lease and require a lease extension for my flat in Mottingham. Conveyancing solicitors on the Virgin panel can deal with such extensions correct?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing 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 3/12/2018 the requirements read as follows :
Despite weeks of looking the Title Certificate and documents to our home can not be found. The conveyancers who handled the conveyancing in Mottingham 4 years ago are no longer around. What are my options?
Assuming you have a registered title the information relating to your ownership will be documented by the Land Registry with a Title Number. It is possible to execute a search at the Land Registry, find your property and get current copies of the Registered Entries for less than a fiver. If the property is Leasehold then the Land Registry will also normally hold a file duplicate of the Registered Lease and again, a copy can be retrieved for twenty pounds.
About to purchase a new build flat in Mottingham. 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 legal work.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Mottingham
Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. 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. 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.
I am using a search engine for the phrase conveyancing in Mottingham it shows results of numerous solicitorslocally. How do I determine which is the suitable conveyancing solicitor for my move?
The best way of seeking a suitable conveyancer is through a personal testimonial, so enquire of colleagues and family who have acquired a property in Mottingham or a reputable estate agent or mortgage broker. Charges for conveyancing in Mottingham vary, so it's sensible to request a minimum of three costs illustrations from different solicitors. Dont forget to clarify that the fees are fixed.
When it comes to my conveyancing in Mottingham should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Mottingham conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.