At what point can the exchange of contracts take place for sale conveyancing in West Molesey and am I required to attend the conveyancers branch?
If you are round the corner to one of the conveyancing solicitors in West Molesey you are welcome to come in to sign documents. However, the firms we recommend offer countrywide coverage for conveyancing and provide just as detailed and professional a job for you when dealing with you electronically. The executing of the contract is not the point of no return. A signed contract is just a prerequisite for the solicitor to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in West Molesey)to be in the office at the appropriate time.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a simple, chain free conveyancing. West Molesey is the location of the property. Can you offer any assistance?
Flying freeholds in West Molesey are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside West Molesey you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Molesey may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm refinancing my current property to a BTL mortgage with TSB and intend to use the remaining equity as a down payment on further house. The location we are looking at is West Molesey. Will your conveyancers be able to act for both sets of mortgage companies and link together the two deals?
Do use our search tool on this site to check that the solicitors are on the appropriate lender panels. Having checked that they are your solicitor will be able to connect the two conveyancing matters but you should have a chat with you solicitor and make clear your desired outcome and needs.
I am a negotiator for a reputable estate agency in West Molesey where we have experienced a number of leasehold sales put at risk due to short leases. I have received contradictory information from local West Molesey conveyancing solicitors. Can you confirm whether the seller of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has been the owner 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 proposed purchaser need not have 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.
Alternatively, it may be possible to agree the lease extension with the freeholder 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.
Following months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in West Molesey. 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 relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to calculate the premium.
An example of a Lease Extension decision for a West Molesey flat is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case affected 1 flat.
Is planning consent required to change a house into a couple of flats in West Molesey? This has occurred to a house next door to a friend in West Molesey and was unaware of it happening until it was complete.
Planning consent is necessary for converting a single house in West Molesey into flats but probably not for converting once again to single dwelling-house so, in answer to your query, yes.