I am buying a new build apartment in St Mary Cray. Conveyancing is a frightening process 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 legal work.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in St Mary Cray
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants.
I decided to have a survey carried out on a property in St Mary Cray before appointing solicitors. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some banks may not issue a mortgage on such a house.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. If you e-mail us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in St Mary Cray. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in St Mary Cray to see if the conveyancing costs will increase in light of this.
What makes your site different to alternative online quote calculators for conveyancing in St Mary Cray?
At this site obtain an accurate costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in St Mary Cray. Unlike many estate agents and brokerage sites we do not have referral arrangements with solicitors. Many agents and online brokers 'recommend' solicitors that pays the highest commission, as opposed to the best value conveyancing in St Mary Cray
As co-executor for the estate of my father I am selling a property in Cardiff but I am based in St Mary Cray. My solicitor (who is 300 miles from meneeds me to sign a stat dec ahead of completion. Could you suggest a conveyancing practitioner in St Mary Cray who can witness and place their company stamp on the document?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are located in St Mary Cray
I am employed by a long established estate agency in St Mary Cray where we have witnessed a few leasehold sales jeopardised due to short leases. I have been given inconsistent advice from local St Mary Cray conveyancing firms. Could you shed some light as to whether the vendor of a flat can start the lease extension formalities 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 start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
An alternative approach is 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 have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a St Mary Cray conveyancing firm to help?
in cases where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to judgment on the price.
An example of a Lease Extension case for a St Mary Cray premises is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The unexpired term was 50.57 years.