What will a local search reveal regarding the house we're purchasing in Gerrards Cross and Chalfont?
Gerrards Cross and Chalfont conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search organisations for example Xpress Legal The local search plays a central part in many a Gerrards Cross and Chalfont conveyancing purchase; as long as you don’t want any nasty surprises after you move into your property. The search will reveal information on, amongst other things, details on planning applications applicable 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 13 subject areas.
How does conveyancing in Gerrards Cross and Chalfont differ for newly converted properties?
Most buyers of new build property in Gerrards Cross and Chalfont contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is ready to move into. This is because builders in Gerrards Cross and Chalfont typically buy the land, 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 used to new build conveyancing in Gerrards Cross and Chalfont or who has acted in the same development.
I decided to have a survey done on a property in Gerrards Cross and Chalfont in advance of retaining lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor has said that some banks will not grant a loan on a flying freehold property.
It varies from the lender to lender. Santander has different instructions from Halifax. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Gerrards Cross and Chalfont. Conveyancing will be smoother if you use a solicitor in Gerrards Cross and Chalfont especially if they are accustomed to such properties in Gerrards Cross and Chalfont.
We're FTB’s - agreed a price, but the selling agent has warned us that the vendor will only issue a contract if we use their recommended conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a local conveyancer accustomed to conveyancing in Gerrards Cross and Chalfont
It is unlikely the owners are driving this. If they want ‘a quick sale', turning down a motivated buyer is going to damage their objectives. Contact the sellers directly and explain that (a)you are motivated purchasers (b)you are ready to progress, with finances in place © you are unencumbered (d) you intend to proceed fast (e)however you are going to instruct your own,trusted Gerrards Cross and Chalfont conveyancing lawyers - as opposed tothose that will give the negotiator at the agency a introducer fee or achieve conveyancing figures demanded by corporate headquarters.
Last July I purchased a leasehold flat in Gerrards Cross and Chalfont. Do I have any liability for service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have given up trying to purchase the freehold in Gerrards Cross and Chalfont. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a Gerrards Cross and Chalfont conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Gerrards Cross and Chalfont flat is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case related to 3 flats. The unexpired residue of the current lease was 71 years.