We are about to exchange on the purchase of a house in Grange Park but as a consequence of damage from some water damage at the property I have managed to agree compensation from the vendor of six thousand pounds taking the form of a adjustment in the price. This was going to be addressed as part of a side agreement yet Bank of Ireland will not permit this. Should they have been approached?
Any lawyer being on a Bank of Ireland conveyancing panel is required to advise Bank of Ireland of any variations to the purchase price. If you prohibit your lawyer to report the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new conveyancer for your conveyancing in Grange Park.
Completed the sale of my flat in Grange Park last June yet the purchaser is SMS messaging me to moan that her solicitor needs to hear from mylawyer. What are the post completion sale formalities following completion?
After completion of your disposal your lawyer should deliver the transfer documentation and all of the paperwork to the buyer’s lawyers. If applicable, your conveyancer should also confirm that the home loan has been repaid to the purchasers lawyers. There is unlikely to be post completion procedures unique to conveyancing in Grange Park.
My friend recommended that where I am purchasing in Grange Park I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually quoted for as part of the standard Grange Park conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Grange Park around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Grange Park Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information regarding Grange Park.
Due to the input of my in-laws I had a survey completed on a house in Grange Park in advance of retaining conveyancers. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some lenders will not issue a mortgage on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. Should you wish to telephone us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Grange Park. Conveyancing may be slightly more expensive based on your lender's requirements.
I am on look out for some leasehold conveyancing in Grange Park. Before I set the wheels in motion I want to be sure as to the unexpired term of the lease.
Assuming the lease is registered - and most are in Grange Park - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Grange Park conveyancing firm to assist?
You certainly can. We can put you in touch with a Grange Park conveyancing firm who can help.
An example of a Lease Extension case for a Grange Park flat is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case affected 1 flat. The unexpired term was 81.79 years.