My wife and I have lately bought a house in Bermondsey. We have noticed several issues with the property which we believe were missed in the conveyancing searches. Is there anything we can do? What searches should? have been carried out for conveyancing in Bermondsey?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Bermondsey. Conveyancing searches and due diligence undertaken as part of the legal transfer of property are supposed to help avoid problems. As part of the process, a property owner answers a document referred to as a SPIF. answers is inaccurate, then you may have a claim against the vendor 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 Bermondsey.
Having sold my house in Bermondsey last February yet the purchaser is texting daily complaining that her solicitor needs to hear from myconveyancer. What should have happened following completion?
Following your disposal your conveyancer should send the transfer documentation and all additional paperwork to the purchaser's conveyancer. Where relevant, your conveyancer should also send confirmation that the legal charge in favour of the lender has been repaid to the purchasers lawyers. There are no post completion tasks just for conveyancing in Bermondsey.
A relative recommended that if I am buying in Bermondsey I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Bermondsey conveyancing searches. It is not a small report of more than thirty pages, listing and detailing significant information about Bermondsey around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information concerning Bermondsey.
Just had an offer accepted on a new build apartment in Bermondsey. Conveyancing is necessary evil 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 conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Bermondsey
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I have been on the look out for a flat up to £305k and identified one near me in Bermondsey I like with a park and transport links nearby, however it only has 49 years unexpired on the lease. There is not much else in Bermondsey in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease will be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
My husband and I are one month into a leasehold purchase having been referred to conveyancers by the high street agent to execute conveyancing in Bermondsey. We are not happy. Can you you assist me in finding new solicitors?
They would need to be very poor in order to consider changing them. Has your loan offer been sent? If so you must advise them of the replacement lawyer and have the mortgage documents are re-issued. Your new solicitor ideally should be on the mortgage company approved list to avoid added fees and delays. So that should be your first question of the new conveyancers. The search tool should assist you in finding a bank approved solicitor for your home move in Bermondsey