We were just about to exchange contracts for a leasehold flat in West Hill. We encountered a problem. The loan offer with Britannia expires on 9/9/2019 but the vendors are suggesting a completion date of 11/9/2019. Is it possible to extend the loan offer?
The person best placed to deal with your concern is your lawyer who is in a position to determine whether they should be discussing with the bank, owner’s lawyers, property agents or indeed all three taking into account what has happend in your conveyancing to date.
Do I need to have a meeting at the offices of the solicitor to sign the legal charge? If so, I will instruct a firm who offer conveyancing in West Hill so that I can pop in to their offices if necessary.
As opposed to ten years ago, the vast majority lenders no longer require their conveyancing panel solicitor to witness the mortgagors signature. You will still be obliged to hand over identification documents and there are still manifest benefits to instructing a local ayer, in your case a conveyancing solicitor in West Hill.
We're novice buyers - had an offer accepted, but the selling agent advised that the seller will only move forward if we instruct the agent's preferred lawyers as they need a ‘quick sale’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in West Hill
We suspect that the owner is unaware of this request. Should the seller desire ‘a quick sale', turning down a motivated purchaser is counter productive. Try to communicate with the vendors directly and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you are going to instruct your own,trusted West Hill conveyancing firm - as opposed tothose that will earn their estate agent a introducer fee or meet his conveyancing figures pre-set by HQ.
Looking forward to sign contracts shortly on a garden flat in West Hill. Conveyancing lawyers inform me that they report fully tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in West Hill should include some of the following:
if lease caters for for a reserve account for major works? You should be told what constitutes a Nuisance in the lease Repair and maintenance of the property Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.
After years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in West Hill. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to judgment on the premium.
An example of a Freehold Enfranchisement matter before the tribunal for a West Hill residence is 158 West Hill in November 2010. the Tribunal held that the premium to be paid for the freehold reversion should be £99,650 This case related to 7 flats. The unexpired term as at the valuation date was 75.88 years.
Why do West Hill conveyancing charges are more expensive for leasehold and freehold properties?
If acquiring a leasehold property there is more work involved purely due to the fact that usually there are further parties involved in the form of the freeholder and/or Management Agents. As part of a lawyers enquiries they will check that all ground rent and service charges are paid up to date amongst other general leasehold matters. For this reason, the Sellers lawyers usually have to refer to the freeholder or Managing Agent for their replies to our questions. This may be time consuming and beyond the lawyers control