At what point will exchange of contracts happen for purchase conveyancing in Osterley and am I required to be at the solicitors office?
If you are round the corner to one of the conveyancing solicitors in Osterley you are invited in to sign the paperwork. However, the lender approved solicitors we work with provide a nationwide conveyancing service and provide as equally diligent and professional a job for you when dealing with you electronically. The signing of the contract is not the point of no return. A signed contract simply enables the firm to address the formalities at the appropriate time, 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 in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Osterley)to be in the office at the appropriate time.
Just had an offer accepted on a new build flat in Osterley. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Osterley
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Osterley is the location of the property. Is there any guidance you can impart?
Flying freeholds in Osterley are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Osterley 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 Osterley 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 property.
How difficult is it to switch firm as I have to choose a firm on the Godiva Mortgages Ltd conveyancing list. I had appointed a local conveyancing solicitor in Osterley round the corner but he is not accepted by Godiva Mortgages Ltd
We will our best to assist in finding you a conveyancing solicitor in Osterley on the Godiva Mortgages Ltd panel. Please note that the law firms that we work with do not pay us fee if you instruct them and are under regulation of the SRA who regulate all conveyancing solicitors in Osterley. In utilising search facility on this website, you can contrast fees for conveyancing solicitors in Osterley and throughout England and Wales.
Having checked my lease I have discovered that there are only 62 years unexpired on my flat in Osterley. I now want to get lease extension but my freeholder is missing. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to prove that you or your lawyers have used your best endeavours to track down the lessor. For most situations an enquiry agent should be helpful to carry out a search and to produce a report which can be used as evidence that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer both on devolving into the landlord’s absence and the application to the County Court covering Osterley.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Osterley conveyancing firm to act on my behalf?
Most certainly. We are happy to put you in touch with a Osterley conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Osterley property is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case was in relation to 1 flat. The unexpired term as at the valuation date was 60.45 years.