Our lawyer has identified a defect with the lease for the property we are buying in Worcester Park. The other side have offered title insurance as a workaround. We are content with insurance and will pay for it. Our property lawyer says that he must check that the bank is content with this solution. Who is the client here, us or the bank?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. These conveyancing instructions must be adhered to.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The solicitors who handled the conveyancing in Worcester Park 5 years ago have long since closed. Will I be able to sell the house?
Gone are the days when you need to hold title official documentation to prove you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.
I have been on the look out for a ground for flat up to £245,000 and identified one round the corner in Worcester Park I like with amenity areas and railway links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Worcester Park in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
We're FTB’s - had an offer accepted, yet the agent told us that the owners will only go ahead if we use the agent's chosen conveyancers as they are insisting on an ‘expedited deal’. We would rather use a family conveyancer accustomed to conveyancing in Worcester Park
We suspect that the owner is not behind this requirement. Should the vendor desire ‘a quick sale', turning down a genuine purchaser is likely to cause more damage than good. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to progress, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you will continue to use your own,trusted Worcester Park conveyancing solicitors - not the ones that will earn the estate agent a kickback or meet his conveyancing targets set by senior management.
If all goes to plan we aim to complete our sale of a £150,000 maisonette in Worcester Park in just under a week. The landlords agents has quoted £348 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Worcester Park?
For the majority of leasehold sales in Worcester Park conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
Addressing pre-contract questions
Where consent is required before sale in Worcester Park
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
Following months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Worcester Park. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We can put you in touch with a Worcester Park conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Worcester Park premises 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 related to 1 flat. The number of years remaining on the existing lease(s) was 60.43 years.