Last September we completed a house move in Grove Park. We have since encountered a number of issues with the house which we believe were overlooked in the conveyancing searches. Is there anything we can do? What searches should? have been carried out as part of conveyancing in Grove Park?
The question is vague as what problems have arisen and if they are specific to conveyancing in Grove Park. Conveyancing searches and due diligence undertaken as part of the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, the vendor fills in a form referred to as a SPIF. answers ends up being incorrect, you could possibly take legal action 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 Grove Park.
Why is leasehold purchase conveyancing in Grove Park costs more?
In short, leasehold conveyancing in Grove Park and South East London usually involve additional work compared to freehold conveyancing. This includes analysing the lease terms, communicating with the landlord about the service of required notices, procuring up-to-date service charge and management information, procuring the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
Is there a list of Co-operative panel solicitors in Grove Park on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. Very few banks make their panel listings viewable on the web. Where you are looking for a Grove Park property lawyer on the Co-operative please make the most of our facility.
I am buying a property in Grove Park. A rare aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
As your lender is Virgin Money your lawyer must check the conveyancing instructions contained in Part two of UK Finance Lenders’ Handbook for Virgin Money. The Council of Mortgage Lenders’ Handbook stipulates minimum specifications for solar panel roof-space leases, and lawyers are required to report to Virgin Money where a lease does not comply with these provisions. The conditions relate to the installation of panels on properties countrywide and is not restricted to Grove Park.
I recently had an offer accepted on a house in Grove Park. My mortgage broker pressured me to appoint their conveyancing practitioner. I paid an on account payment of £175. A couple of days later, the property lawyer contacted me to say that they were not on the Aldermore conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Aldermore panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I decided to have a survey carried out on a property in Grove Park ahead of retaining conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor has said that some mortgage companies will not issue a loan on this type of premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Halifax. Should you wish to call us we can look into this further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Grove Park. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Grove Park to see if the conveyancing will be more expensive.
I am 14 days into a residential purchase having been recommend to solicitors by the estate agent to do our conveyancing in Grove Park. I am not happy. Could you help me find new lawyers?
They would have to be really poor to suggest changing them. Has the loan offer been issued? In the event that it has you will need to inform them of the replacement solicitor and get the offer are re-sent. Your solicitor ideally needs to be on the mortgage company panel to avoid added charges and complications. That should be your first question of the new lawyers. Our search tool should assist you in finding a bank approved lawyer for your home move in Grove Park
I own a leasehold flat in Grove Park. Conveyancing and Norwich and Peterborough Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Grove Park who previously acted has long since retired. What should I do?
First make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Grove Park conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
After years of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Grove Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Grove Park conveyancing firm who can help.
An example of a Lease Extension case for a Grove Park flat is 49 Woodstock Court Burnt Ash Hill in May 2012. the payment of £64,116 by the leaseholder was the premium which the Tribunal found due for the lease extension in this case. This case related to 1 flat. The unexpired term was 23.26 years.