I am under pressure from the mortgagee in possession of a property in Beddington South to sign contracts within four weeks. What can I do to expedite matters?
Where the seller is applying time constraints to exchange it is advisable to make sure that your lawyer is familiar with the area as they will make use of local relationships and knowledge. It is possible that they could have conducted otherproperties in the same neighbourhood. You would be best advised to use a Beddington South conveyancing solicitor. In addition, ensure that the lawyer is on the member panel. It is estimated that nearly one in five of Beddington South conveyancing deals are suspended or derailed after discovering a buyer’s lawyer was not on their banks list of approved solicitors. This can often result in the conveyancing being held up by as much as 21 days. It is said that this issue affects approximately 100,000 home moves annually. Most Beddington South conveyancing practices can not represent certain lenders so do check at the outset.
It is is a decade since I purchased my house in Beddington South. Conveyancing lawyers have just been retained on the sale but I am unable to locate my deeds. Will this cause complications?
You need not be too concerned. Firstly there is a possibility that the deeds will be kept by your lender or they may still be with the conveyancers who oversaw your purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Almost all conveyancing in Beddington South relates to registered property but in the unlikely event that your home is not registered it is more problematic but is not insurmountable.
It has been 3 months since my purchase conveyancing in Beddington South concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Due to the guidance of my in-laws I had a survey completed on a property in Beddington South before instructing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some banks will refuse to issue a mortgage on this type of property.
It depends who your proposed lender is. Santander has different requirements for example to Halifax. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Beddington South. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Beddington South to see if the conveyancing will be more expensive.
My uncle has encouraged me to appoint his conveyancing solicitors in Beddington South. Do I take his advice?
There are no two ways about it the ideal way to find a conveyancing lawyer is to get guidance from friends or relatives who have actually used the solicitor you're considering.
After months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Beddington South. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We can put you in touch with a Beddington South conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Beddington South residence 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 number of years remaining on the existing lease(s) was 98 years.
What makes a Beddington South lease problematic?
There is nothing unique about leasehold conveyancing in Beddington South. Most leases are drafted differently and drafting errors can sometimes mean that certain clauses are missing. For example, if your lease is missing any of the following, it could be defective:
Insurance obligations Repairing obligations to or maintain parts of the property
A defective lease can cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Bank of Scotland, and Bank of Ireland all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to withdraw.