At what point does exchange of contracts occur in sale conveyancing in Fortis Green and am I required to attend the conveyancers office?

Where you are local to our conveyancing solicitors in Fortis Green you are invited in to sign documents. However, the lender approved solicitors we work with offer countrywide coverage for conveyancing and provide just as diligent and professional a job for you when communicating with you digitally. The executing of the purchase agreement is not the point of no return. Signing on the dotted line simply enables the conveyancer to officially exchange when the time is right, which will usually be very shortly after signing. The exchange process 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 Fortis Green)to be in the office available at the end of the phone to exchange contracts.

What does a local search inform me regarding the property we're purchasing in Fortis Green?

Fortis Green conveyancing often commences with the ordering local authority searches directly from your local Authority or via a personal search company for example Searchflow The local search plays an important role in most Fortis Green conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search should supply data on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.

It has been 2 months since my purchase conveyancing in Fortis Green concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

How does conveyancing in Fortis Green differ for newly converted properties?

Most buyers of new build premises in Fortis Green contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is completed. This is because new home sellers in Fortis Green tend to purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Fortis Green or who has acted in the same development.

Having spent years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Fortis Green. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

Most definitely. We are happy to put you in touch with a Fortis Green conveyancing firm who can help.

An example of a Lease Extension decision for a Fortis Green flat is 21 St Matthews Court Coppetts Road in February 2013. the applicant applied to the Tribunal for a determination of the premium payable for a lease extension pursuant to Section 48 of the Leasehold Reform (Housing and Urban Development ) Act 1993. The tribunal therefore ordered that the premium was to be £13,267. This case related to 1 flat. The unexpired term as at the valuation date was 68 years.

What makes a Fortis Green lease defective?

Leasehold conveyancing in Fortis Green is not unique. All leases are drafted differently and drafting errors can result in certain sections are wrong. For example, if your lease is missing any of the following, it could be defective:

Clauses dealing with recovering service charges for expenditure on the building or common parts.

You may have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Lloyds TSB Bank, Barnsley Building Society, and Alliance & Leicester all have very detailed conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, forcing the buyer to pull out.