My wife and I are due to exchange on the purchase of a house in Falconwood but as a consequence of damage from some water damage at the property I have managed to agree recompense from the owner of £2k in the form of a deduction in the price. I had intended this to be addressed as part of the conveyancing process however Co-operative will not agree to this. Why were they notified?
Your property lawyer that is on the Co-operative approved list is required to advise Co-operative of any variations to the purchase price. If you were to refuse your solicitor to disclose the reduction to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new conveyancing practitioner for your conveyancing in Falconwood.
How does conveyancing in Falconwood differ for newly converted properties?
Most buyers of new build or newly converted property in Falconwood contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the house is finished. This is because developers in Falconwood tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Falconwood or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, no chain conveyancing. Falconwood is where the house is located. Is there any guidance you can impart?
Flying freeholds in Falconwood are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Falconwood you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Falconwood may decide 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 need to instruct a conveyancing solicitor in Falconwood for my house move. Is it possible to review a solicitor's complaints history with the profession’s regulator?
Anyone may review published Solicitor Regulator Association (SRA) determinations resulting from investigations from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator sometimes recorded telephone calls for training purposes.
My wife and I purchased a leasehold house in Falconwood. Conveyancing and Leeds Building Society mortgage are in place. A letter has just been received from someone claiming to own the freehold. It included a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Falconwood who acted for me is not around. Do I pay?
The first thing you should do is contact HMLR to be sure that this person is in fact the new freeholder. You do not need to instruct a Falconwood conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Falconwood conveyancing firm to assist?
Most certainly. We can put you in touch with a Falconwood conveyancing firm who can help.
An example of a Lease Extension decision for a Falconwood property is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case related to 1 flat.
Am in the process of purchasing my 1st house in Falconwood. Conveyancing lawyer has been chosen. The broker pointed out that a survey is not needed as the house is only 17 years old.
You would be best advised to have a Home Buyer's Report. Given the premises is over ten years old the property will not come with a warranty, so you would be well advised not to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could suffice. The report should highlight any apparent problems and recommend further investigation where relevant. If there are any signs of problems seek a full structural survey.