As a first time buyer what is the most important advice you can impart regarding purchase conveyancing in Walton on the Hill?
Not many law firms or advisers will tell you this but conveyancing in Walton on the Hill and elsewhere in Surrey is often a confrontational experience. In other words, when it comes to conveyancing there exists plenty of opportunity for confrontation between you and others involved in the ownership transfer. E.g., the vendor, property agent and on occasion a lender. Appointing a law firm for your conveyancing in Walton on the Hill is a critical decision as your conveyancer is your adviser, and is the ONLY person in the transaction whose responsibility is to protect your best interests and to protect you.
Every so often a third party with a vested interest may try and convince you that you should follow their advice. For instance, the estate agent may claim to be assisting by claiming that your lawyer is wrong. Or your financial adviser may try to convince you to do take action that is against your lawyers guidance. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
I have todaydiscovered that Wolstenholmes have closed. They conducted my conveyancing in Walton on the Hill for a purchase of a freehold house 18 months ago. How can I check that the property is not still registered in the name of the previous owner?
The easiest method to check if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Walton on the Hill conveyancing specialists.
Due to the encouragement of my in-laws I had a survey completed on a property in Walton on the Hill in advance of appointing conveyancers. I have been told that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies tend refuse to grant a mortgage on this type of house.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Walton on the Hill. Conveyancing will be smoother if you use a solicitor in Walton on the Hill especially if they are acquainted with such properties in Walton on the Hill.
I'm converting the mortgage on my current property to a BTL mortgage with Skipton Building Society and I will use the rest of the raised equity towards a second property. The neighborhood we are looking at is Walton on the Hill. Will your conveyancers be able to act for both sets of lenders and link together the transactions?
Make use of our search tool on this page to ensure that the lawyers are approved by both lenders. On the basis that they are your conveyancer should be able to connect the two conveyancing matters but you should have a chat with you solicitor and communicate your expectations and needs.
Do you have any top tips for leasehold conveyancing in Walton on the Hill with the aim of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Walton on the Hill can be avoided where you appoint lawyers as soon as your agents start advertising the property and request that they start to collate the leasehold documentation which will be required by the purchasers’ conveyancers. If you have carried out any alterations to the premises would they have required Landlord’s permission? Have you, for example installed wooden flooring? Walton on the Hill leases often stipulate that internal structural changes or addition of wooden flooring necessitate a licence from the Landlord consenting to such changes. If you fail to have the consents in place you should not contact the landlord without checking with your lawyer first. The majority of landlords or Management Companies in Walton on the Hill charge for providing management packs for a leasehold home. You or your lawyers should enquire as to the fee that they propose to charge. The management information can be applied for as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Walton on the Hill. A minority of Walton on the Hill leases require Licence to Assign from the landlord. If this applies to your lease, it would be prudent to place the estate agents on notice to make sure that the purchasers obtain financial (bank) and professional references. The bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors.
After months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Walton on the Hill. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to make a decision on the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Walton on the Hill flat is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case affected 1 flat. The unexpired lease term was 60.43 years.