At what point will exchange of contracts take place for purchase conveyancing in Sheen Park and do I need to attend the lawyers branch?

If you are local to our conveyancing solicitors in Sheen Park you are welcome to come in to sign contracts. However, the lender approved solicitors we recommend offer a national conveyancing service and provide as equally diligent and professional a job for you when communicating with you digitally. The executing of the contract is not the important part. Signing on the dotted line is necessary for the solicitor to address the formalities at the appropriate time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a long "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Sheen Park)to be in the office at the appropriate time.

I am helping my mother sell her flat in Sheen Park. Will the solicitor arrange an energy performance certificate or do I organise this?

After the abolition of Home Packs, energy performance certificates was kept a required component of selling a property. An energy assessment should be to hand before the property is marketed. This is not a task that law firms ordinarily arrange. If you are using a Sheen Park conveyancing lawyer they may be able to arrange EPC’s due to their contacts with long established local providers

My aunt advised me that in buying a property in Sheen Park there may be various restrictions preventing external alterations to the property. Is this right?

We are aware of a number of properties in Sheen Park which have some sort of restriction or requirement of consent to perform external variations. Part of the conveyancing in Sheen Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

We had appointed conveyancing lawyers located in Sheen Park on the HSBC solicitor approved list. They are now charging me a supplemental charge for handling the HSBC mortgage. Is this a supplemental conveyancing fee specified by HSBC?

Provided it is contained in their Terms and Conditions or Quote then yes your solicitor may levy a fee for this. This charge is not dictated by HSBC but by your Sheen Park property lawyer. Numerous firms on the HSBC panel will quote an ‘acting for lender’ fee and others do not.

Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Sheen Park is the location of the property. Can you shed any light on this issue?

Flying freeholds in Sheen Park are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Sheen Park you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Sheen Park 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 change conveyancer as I need to instruct one who is on the The Mortgage Works conveyancing panel. I instructed a high street conveyancing solicitor in Sheen Park round the corner but he is not approved by The Mortgage Works

It would be our pleasure to assist you select a conveyancing solicitor in Sheen Park on the The Mortgage Works panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Sheen Park. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Sheen Park.

I am looking at a two flats in Sheen Park which have about forty five years remaining on the leases. should I be concerned?

There are no two ways about it. A leasehold apartment in Sheen Park is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it reduces the salability of the premises. For most purchasers and lenders, leases with less than 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Sheen Park conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

I have attempted and failed to negotiate with my landlord for a lease extension without success. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Sheen Park conveyancing firm to act on my behalf?

if there is a absentee freeholder or where there is dispute 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 Leasehold Valuation Tribunal to make a decision on the price.

An example of a Freehold Enfranchisement decision for a Sheen Park residence is 19 St. Margarets Crescent in August 2010. the tribunal was of the view that the premium to be paid by the leaseholder for the freehold reversion was £51,983.00 This case related to 3 flats. The unexpired residue of the current lease was 66.25 years.