Me and my fiancee are purchasing our first home. The lawyer has calledto see if we wish to take out supplemental conveyancing searches. Frankly we in the dark as to what's necessary for conveyancing in Carshalton

The type of Carshalton conveyancing searches depends entirely on the premises, the location, the probability of any of these risks, your familiarity of the region and risks, your general approach to risk. What matters is that you properly comprehend what information the searches could give you. You may then decide if you personally think you need that information. If in doubt, ask your conveyancing practitioner to explain.

I have todaybecome aware that Arc property Solicitors have been shut down. They carried out my conveyancing in Carshalton for a purchase of a freehold house 12 months ago. How can I establish that my home is not still registered in the name of the previous owner?

The quickest way to see if the premises is registered to you, you can carry out 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 Carshalton conveyancing specialists.

I am purchasing my first flat in Carshalton benefiting from help to buy. The builders would not budge the price so I negotiated 6k of fixtures and fittings instead. The sale representative told me not to tell my conveyancer about this deal as it will put at risk my loan with Barclays Direct. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.

Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.

Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.

I am attracted to a two apartments in Carshalton which have about 50 years unexpired on the lease term. should I be concerned?

There are no two ways about it. A leasehold apartment in Carshalton is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it adversely affects the value of the property. For most purchasers and mortgage companies, leases with under eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Carshalton conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I have attempted and failed to negotiate with my landlord for a lease extension without success. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Carshalton conveyancing firm to assist?

in cases where there is a missing landlord 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 Leasehold Valuation Tribunal to assess the amount due.

An example of a Freehold Enfranchisement case for a Carshalton premises is 21 & 23 Carshalton Grove in May 2009. the Tribunal adopted the figures presented as the premiums payable by the Applicant i.e. a total of £20,750. This case related to 2 flats. The unexpired term as at the valuation date was 72 years.

What type of premises does your Carshalton conveyancing quotes relate to?

The quotes provided are only relevant to standard residential property in England & Wales. If you have any different needs for instance industrial or agricultural land or commercial conveyancing in Carshalton please contact us to discuss this further .