What is the first thing I need to know about purchase conveyancing in Goddington?

You may not hear this from too many lawyers but conveyancing in Goddington or throughout England and Wales is an adversarial experience. In other words, when it comes to conveyancing there exists plenty of opportunity for friction between you and others involved in the legal transfer of property. E.g., the vendor, estate agent and even potentially your bank. Selecting a law firm for your conveyancing in Goddington should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the process whose responsibility is to look after your legal interests and to keep you safe.

Every so often a third party with a vested interest will try and persuade you that it is in your interests to do things their way. For example, the property agent may claim to be helping by claiming that your conveyancer is dragging his heels. Or your financial adviser may tell you to do take action that is contrary to your lawyers recommendation. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.

What does a local search reveal about the property my wife and I buying in Goddington?

Goddington conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search company for example Xpress Legal The local search is essential in every Goddington conveyancing purchase; that is if you don’t want any nasty once you have moved into your new home. The search should supply data 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 sections.

How does conveyancing in Goddington differ for new build properties?

Most buyers of new build residence in Goddington approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is finished. This is because house builders in Goddington usually acquire 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 property lawyers 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 Goddington or who has acted in the same development.

I have been on the look out for a flat up to £245,000 and found one close by in Goddington I like with open areas and railway links nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Goddington in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?

Should you need a mortgage that many years may be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.

Can you offer any advice when it comes to finding a Goddington conveyancing practice to carry out our lease extension conveyancing?

When appointing a conveyancer for your lease extension (regardless if they are a Goddington conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you talk with two or three firms including non Goddington conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:

How many lease extensions has the firm carried out in Goddington in the last twenty four months? What are the costs for lease extension work?

I am the registered owner of a ground floor flat in Goddington. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?

Most certainly. We can put you in touch with a Goddington conveyancing firm who can help.

An example of a Lease Extension case for a Goddington residence is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case related to 1 flat. The unexpired term as at the valuation date was 50.57 years.