Me and my partner are due to complete on the purchase of a house in Epsom and Ewell but as a result of damage from the recent storms I have managed to agree recompense from the seller in the sum of £3k by way of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process but are not allowing this. Why were they notified?

The that is on the approved list is obliged to advise of any changes to the sale price. If you prohibit your to disclose the price change to then they would have to discontinue acting for you. In addition, and you would have to appoint a new for your conveyancing in Epsom and Ewell.

I require expedited conveyancing in Epsom and Ewell as I have an ultimatum to complete in less than 3 weeks. Thankfully I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?

As you are not obtaining a home loan you are at free not to have searches carried out although no lawyer would recommend that you don't. Drawing on our experience of conveyancing in Epsom and Ewell the following are instances of issues that can show up and therefore affect the marketability of the property: Enforcement Notices, Overdue Charges, Overdue Grants, Unadopted Roads,...

I am purchasing my first flat in Epsom and Ewell with a loan from . The sellers would not reduce the price so I negotiated 6k of additionals instead. The sale representative told me not to tell my solicitor about the deal as it may adversely affect my loan with . Is this normal?.

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 need to instruct a conveyancing solicitor for leasehold conveyancing in Epsom and Ewell. I have land on a site which seems to have the ideal answer If it is possible to get all this stuff done via phone that would be preferable. Should I be wary? What should out be looking out for?

As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?

I am attracted to a couple of maisonettes in Epsom and Ewell which have approximately forty five years unexpired on the lease term. Do I need to be concerned?

There are no two ways about it. A leasehold flat in Epsom and Ewell is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the marketability of the property. For most buyers and lenders, leases with less than 75 years become less and less attractive. 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 premises 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 Epsom and Ewell 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 invested in buying a leasehold flat in Epsom and Ewell, conveyancing was carried out 3 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Epsom and Ewell with a long lease are worth £165,000. The ground rent is £45 levied per year. The lease ends on 21st October 50

With only 50 years remaining on your lease the likely cost is going to range between £36,100 and £41,800 plus professional fees.

The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.