Can I use your services to locate a Conveyancing solicitor in Swadlincote even if I’m not purchasing or disposing of a house, for instance if I wish to acquire a shop in Swadlincote with a loan from Virgin Money?
The service is primarily there to select domestic conveyancing solicitors in Swadlincote but we have listed towards the end of this page some Swadlincote commercial conveyancing firms. You will need to make contact with the company directly to check if they can also act for Virgin Money
Do I need to take out insurance to address the risk of chancel repairs when buying a house in Swadlincote?
Unless a prior purchase of the house took place post 12 October 2013 you could take it that solicitors conducting conveyancing in Swadlincote to continue to propose a a chancel search and or chancel repair liability insurance.
I am looking for a flat up to £305k and found one close by in Swadlincote I like with a park and railway links in the vicinity, however it's only got 52 years on the lease. I can't really find anything else in Swadlincote for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage that many years may be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may request that they 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 consult your conveyancing lawyer about this.
We are four weeks into a leasehold purchase having been recommend to conveyancers by the local agent to carry out the conveyancing in Swadlincote. I am am very disappointed with the quality of service. Can you you assist me in finding new lawyers?
They would need to be very poor to suggest changing them. Has your mortgage offer been issued? If so you need to make them aware of the new solicitor and have the offer are re-issued. The conveyancer needs to be on the lenders approved list to avoid escalating charges and complications. That should be your first question of the new conveyancers. The find a solicitor tool will help you find a lender approved conveyancer for your home move in Swadlincote
I am a negotiator for a busy estate agent office in Swadlincote where we see a few leasehold sales derailed as a result of leases having less than 80 years remaining. I have been given contradictory information from local Swadlincote conveyancing solicitors. Can you confirm whether the seller of a flat can instigate the lease extension process for the purchaser on completion of the sale?
Provided that 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. This means that the buyer 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.
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.
Leasehold Conveyancing in Swadlincote - Examples of Questions you should consider before buying
Make sure you investigate if there is anything that is prohibited in the lease. For example it is reasonably common in Swadlincote leases that pets are not allowed in certain buildings in Swadlincote. If you like the flatin Swadlincote however your cat can’t move with you then you have a very difficult choice. Its a good idea to discover as much as you can regarding the managing agents as they can either make living at the property much easier or uncomfortable. Being a leasehold owner you will be in the clutches of the managing agents both financially and when it comes to practical matters such as the cleanliness of the communal areas. Don't be shy to ask prospective neighbours whether they are happy with their management. In conclusion, investigate as to the dates that the maintenance charges are due to the managing agents and precisely how they are spending that money. Are any of leasehold owners in dispute over their service charge payments?