We were about to instruct a conveyancing solicitor in East Croydon found by you but have come across some other costs illustrations on the internet seem less expensive – how come?

One can find plenty of websites advertising so-called cut-price conveyancing, but supplementalcosts end up with the final bill mounting up beyond all recognition. In accordance with regulatory requirements charges outlined in terms of engagement should be equitable invoiced The conveyancers that we put forward for conveyancing in East Croydon set out all charges for the property you intend topurchase.

Can conveyancing in East Croydon to be completed inside 10 days?

First, If the seller is applying time constraints to sign contracts it is highly recommended that your conveyancer is familiar with the area as they will benefit local connections and insight. It is possible that they would have handled previousproperties in the same street. You would be best advised to use a East Croydon conveyancing lawyer. In addition, make sure that the conveyancing firm is on the lender panel. It is said that just under twenty per cent of East Croydon conveyancing deals are suspended or jeopardised after finding out that a purchaser’s lawyer was not on their mortgage lender’s panel. In many cases this discovery resulted in the legal process being held up by an average of three weeks. It is claimed that this issue affects in the region of one hundred thousand home moves annually. Almost all East Croydon conveyancing practices can not act for certain mortgage companies so do check as early as possible.

It is is a decade since I bought my property in East Croydon. Conveyancing lawyers have recently been instructed on the sale but I am unable to locate my deeds. Will this jeopardise the sale?

Don’t worry too much. Firstly the deeds may be with your mortgage company or they may be in the possession of the conveyancers who acted in the purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring up to date copy of the land registers. Almost all conveyancing in East Croydon relates to registered property but in the unlikely event that your home is not registered it is more problematic but is not insurmountable.

My relative advised me that where I am purchasing in East Croydon I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

A search of this type is usually quoted for as part of the standard East Croydon conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about East Croydon around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful data regarding East Croydon.

I am a negotiator for a busy estate agency in East Croydon where we see a few leasehold sales put at risk due to short leases. I have received conflicting advice from local East Croydon conveyancing firms. Can you confirm whether the owner of a flat can commence the lease extension process for the purchaser on completion of the sale?

Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.

I am the leaseholder of a first floor flat in East Croydon. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?

Where there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to make a decision on the amount due.

An example of a Freehold Enfranchisement matter before the tribunal for a East Croydon premises is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case affected 4 flats. The unexpired term was 98 years.