Should my solicitor be raising questions about flooding as part of the conveyancing in Bexleyheath.
Flooding is a growing risk for lawyers conducting conveyancing in Bexleyheath. There are those who purchase a house in Bexleyheath, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to give advice on flood risk, but there are a various searches that can be initiated by the buyer or on a buyer’s behalf which should figure out the risks in Bexleyheath. The conventional set of information sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the seller to determine if the property has ever been flooded. If the premises has been flooded in past and is not notified by the owner, then a buyer may bring a claim for damages as a result of such an inaccurate answer. The purchaser’s solicitors should also order an enviro search. This should indicate whether there is any known flood risk. If so, additional investigations will need to be initiated.
Me and my brother own a 4 bedroom Georgian house in Bexleyheath. Conveyancing solicitor acted for me and Chelsea Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold with the exact same property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bexleyheath and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with your conveyancing practitioner who conducted the conveyancing.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a straight forward, chain free conveyancing. Bexleyheath is the location of the property. Can you offer any assistance?
Flying freeholds in Bexleyheath are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Bexleyheath you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bexleyheath may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am using a search engine for the words cheap conveyancing in Bexleyheath it shows results of numerous solicitorsin the vicinity. How do I determine which is the suitable conveyancing solicitor for purchase transaction?
The preferential way of seeking a suitable conveyancer is via personal recommendation, so seek the opinion of colleagues and those you trust who have acquired a property in Bexleyheath or the local estate agent or mortgage broker. Costs for conveyancing in Bexleyheath differ, so it's a good idea to request a minimum of four estimates from varying types of companies. Dont forget to clarify that the charges are assured not to to be inflated.
Looking forward to complete next month on a leasehold property in Bexleyheath. Conveyancing solicitors inform me that they will have a report out to me within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in Bexleyheath should include some of the following:
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The length of the lease term. You should be advised as what happens when the lease ends, and aware of the importance of the 80 year mark What options are open to you if another leaseholder in the building breaches a clause of their lease? Does the lease require carpeting throughout thus preventing wood flooring? Ground rent - what is payable and what the invoice dates are, and be on notice if this is subject to change Changes to the flat
After years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Bexleyheath. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We are happy to put you in touch with a Bexleyheath conveyancing firm who can help.
An example of a Lease Extension case for a Bexleyheath property is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case affected 13 flats. The remaining number of years on the lease was 76 years.
I am in the process of purchasing my 1st property in Bexleyheath. Conveyancing practitioner has been appointed. The mortgage adviser suggested that a survey is not appropriate as the property was only constructed in 2002.
You would be well advised to take a Home Buyer's Report. As the premises is more than 10 years old the property will be without a warranty, so you would be well advised not to take a risk. For a property that age with no signs of problems a Home Buyer's report may be sufficient. They will highlight any apparent problems and suggest additional investigation where appropriate. If there are any signs of material issues get a comprehensive structural survey.