My brother and I have just bought a house in Addiscombe. We have since encountered a number of problems with the house which we believe were overlooked in the conveyancing searches. What action can we take? What searches should? have been ordered for conveyancing in Addiscombe?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Addiscombe. Conveyancing searches and investigations initiated during the legal transfer of property are carried out to help avoid problems. As part of the process, the vendor completes a document referred to as a Seller’s Property Information Form. answers ends up being incorrect, you may have a misrepresentation claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Addiscombe.
I am mortgaging my flat in Addiscombe, does my lawyer have to be on the UBS Solicitor panel?
There is nothing to stop you using your solicitor, but UBS will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
A relative recommended that if I am buying in Addiscombe I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is usually quoted for as part of the standard Addiscombe conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Addiscombe around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Addiscombe Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Addiscombe Education with maps and statistics, Local Amenities and other useful data concerning Addiscombe.
I opted to have a survey done on a house in Addiscombe in advance of appointing solicitors. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some banks tend not grant a loan on such a house.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you e-mail us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Addiscombe. Conveyancing will be smoother if you use a solicitor in Addiscombe especially if they are accustomed to such properties in Addiscombe.
I am using a search engine for the phrase conveyancing in Addiscombe it reveals numerous property lawyerslocally. With so much choice what is the best way to find the suitable property lawyer for my move?
The ideal way of choosing the right conveyancer is via personal testimonial, so ask friends and those you trust who have bought a property in Addiscombe or a reputable estate agent or financial adviser. Charges for conveyancing in Addiscombe vary, so it's sensible to request at least four quotes from different companies. Be sure to obtain confirmation what costs in the quote includes.
Following years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Addiscombe. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee landlord 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 assess the price payable.
An example of a Freehold Enfranchisement decision for a Addiscombe property is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case was in relation to 4 flats. The unexpired term as at the valuation date was 98 years.
In relation to leasehold conveyancing in Addiscombe what are the most common lease problems?
There is nothing unique about leasehold conveyancing in Addiscombe. Most leases are unique and drafting errors can result in certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:
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A duty to insure the building A provision for the recovery of money spent for the benefit of another party.
You could have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Accord Mortgages Ltd, Leeds Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to grant the mortgage, obliging the purchaser to pull out.