I am need of leasehold conveyancing for a flat in a relatively new development (6 years old) in Fulwell. 95% of the appartments are already disposed of. Is it really necessary to order neighbourhood searches as part of conveyancing in Fulwell?
You are putting yourself at risk in refusing to carrying out Fulwell conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would absolutely advise in the strongest possible terms that your conveyancer conducts them. Where speed and price are top of your concerns you should discuss with your lawyer about the options such as indemnity insurance available to you
Can your site be used to recommend a Conveyancing solicitor in Fulwell even where I’m not purchasing or disposing of a house, for instance where I wish to buy an office in Fulwell with a loan from Virgin Money?
The service is mainly utilised to locate residential conveyancing solicitors in Fulwell but we have set out towards the bottom of this page a selection of Fulwell commercial conveyancing firms. You should speak with the company directly to establish if they can also act for Virgin Money
I have been told that property searches are the primary reason for stalling in Fulwell conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released findings of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to be the root cause of slowing down conveyancing in Fulwell.
I've recently found out 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, chain free conveyancing. Fulwell is the location of the property. Can you shed any light on this issue?
Flying freeholds in Fulwell are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fulwell you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fulwell may ascertain 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 residence.
What advice can you give us when it comes to choosing a Fulwell conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Fulwell conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with two or three firms including non Fulwell conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:
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Can they put you in touch with clients in Fulwell who can give a testimonial? What are the legal fees for lease extension work?
I have had difficulty in trying to purchase the freehold in Fulwell. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a missing landlord or where 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 assess the sum to be paid.
An example of a Lease Extension case for a Fulwell 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 number of years remaining on the existing lease(s) was 60.45 years.