My brother and I have lately bought a property in Green Street Green. We have since encountered a number of problems with the property which we consider were missed in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been ordered as part of conveyancing in Green Street Green?
It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Green Street Green. Conveyancing searches and due diligence undertaken as part of the legal transfer of property are designed to help avoid problems. As part of the process, the vendor completes a form called a Seller’s Property Information Form. answers proves to be misleading, you could possibly take legal action against the owner 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 Green Street Green.
A friend recommended that if I am purchasing in Green Street Green I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Green Street Green conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Green Street Green around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Green Street Green Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Green Street Green Education with plans and statistics, Local Amenities and other useful information regarding Green Street Green.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Green Street Green?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Green Street Green. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Is it best to use a Green Street Green conveyancing practitioner who is local to the property I am buying? An old friend can handle the conveyancing but her office is 400kilometers drive away.
The benefit of a local Green Street Green conveyancing firm is that you can visit the firm to execute paperwork, present your ID and pester them if necessary. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have instructed your friend and they were impressed that must trump using an unfamiliar Green Street Green conveyancing lawyer solely due to them being based in the area.
I've found a house that seems to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have just been informed that the title is leasehold rather than freehold. I would have thought that there are particular concerns purchasing a leasehold house in Green Street Green. Conveyancing solicitors have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Green Street Green ?
The majority of houses in Green Street Green are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Green Street Green so you should seriously consider looking for a Green Street Green conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions such as requiring the freeholder’spermission to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the estate where the property is located on an estate. Your lawyer will advise you fully on all the issues.
I own a ground floor flat in Green Street Green. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Green Street Green conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Green Street Green residence is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The unexpired term as at the valuation date was 50.57 years.
I am just shy of a 10% deposit on my apartment purchase in Green Street Green , but I still want to go ahead. What can I do?
One option is to try and agree a smaller deposit. Most property owners will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last moment