It is 10 years ago since I acquired my property in Bermondsey. Conveyancing solicitors have now been appointed on the sale but I can't find the title deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly there is a possibility that the deeds will be kept by your mortgage company or they may still be with the solicitor who acted in your purchase. Secondly in most cases the title will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. Almost all conveyancing in Bermondsey involves registered property but in the rare situation where your home is unregistered it is more problematic but is resolvable.
Are the BSA intent on creating a online directory to list practices on the Coventry BS conveyancing panel for instance in Bermondsey?
We have not been informed any intention on the part of the BSA to develop such a search facility.
What does a local search tell me concerning the property we're purchasing in Bermondsey?
Bermondsey conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for instance PSG The local search is essential in every Bermondsey conveyancing purchase; as long as 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 thirteen topic headings.
Are there restrictive covenants that are commonly picked up during conveyancing in Bermondsey?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Bermondsey. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am a sole trader intending to take over a lease of a shop on the high street. Can you recommend lawyers offering no-sale-no charges for non-domestic conveyancing in Bermondsey for under 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Bermondsey, including the disposal and purchase of businesses as well as simply property. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we will find you the right firm. As for the charges this will depend on the structure and terms of the proposed transaction. Let us have your details or email so as to enable us to provide you with a detailed commercial conveyancing quote.
Looking forward to sign contracts shortly on a basement flat in Bermondsey. Conveyancing lawyers inform me that they are sending me a report next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Bermondsey should include some of the following:
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Where does the liability rest to repair and maintain the block. It is important for you to know who is duty bound to repair and maintenance of every part of the building The total ownership of the property. This could be the flat itself but might include a loft or basement if applicable. The landlord’s rights to access the property. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Your conveyancers should enable you to have an understanding of the building insurance obligations You should know if the lease allows you to change or improve aspects of the flat- you should know whether it relates to all alterations or just structural alteration, and whether permission is mandated necessary
I have had difficulty in trying to purchase the freehold in Bermondsey. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the price.
An example of a Freehold Enfranchisement matter before the tribunal for a Bermondsey residence is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case related to 41 flats. The remaining number of years on the lease was 107 years.