Last November we completed a house move in Albany Park. We have noticed several problems with the house which we believe were overlooked in the conveyancing searches. Do we have any recourse? What searches should? have been ordered for conveyancing in Albany Park?
It is not clear from the question as to the nature of the problems and if they are specific to conveyancing in Albany Park. Conveyancing searches and investigations initiated as part of the buying process are supposed to help avoid problems. As part of the legal transfer of property, the vendor answers a questionnaire known as a SPIF. If the information proves to be inaccurate, you could possibly take legal action 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 Albany Park.
I own a freehold property in Albany Park yet charged rent, why is this and what is this?
It is rare for properties in Albany Park and has limited impact for conveyancing in Albany Park but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
We are selling our home in Albany Park. Will the conveyancing practitioner have to be required to be on the Coventry BS conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Coventry BS conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
I am buying a new build flat in Albany Park. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Albany Park
Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Do I need to be suspicious by 3rd parties that I am dealing with are encouraging me to use a national conveyancing firm rather than a High Street Albany Park conveyancing company?
As with many service providers, often recommendations from relatives can be worth their weight in gold. Yet there are many players in a conveyancing matter; estate agents, financial adviser and lenders may recommend conveyancers to choose. Sometimes the lawyers might be known to one of the organisations as experts in their field, but sometimes there behind the scenes financial incentive behind the endorsement. You are free to choose your preferred conveyancer. You need to be aware that many lenders operate an approved list of law firms you are obliged to use for the mortgage aspect of your home move.
What is the best way to find the right lawyer for my conveyancing in Albany Park ?
First ask your friends and family who they would recommend. Second, use a search tool on the internet for conveyancing in Albany Park. Telephone a couple or more firms from the list and ask them to send you their conveyancing quote and discuss your needs with the solicitor who will conduct your conveyancing before you make your choice. Option 3 is to use our search tool to help you find the right solicitors taking into account your unique factors including location,speed, complexity and who your intended mortgage company is.Resist the temptation to appoint lowest cost conveyancing solicitors in Albany Park