Souldusing a Loughton conveyancing firm make the legal transfer of property easier?
Generally conveyancing practitioners in your area will benefit from good alliances with your local authority, which can help with your Loughton conveyancing searches that your conveyancer will require on your transaction. It can only help if they have existing rapport with the Local Land Registry Office your area Loughton, other conveyancers in the area and Loughton property agents.
Do the Building Society Association intend to launch a searchable register to list practices on the Coventry BS conveyancing panel for instance in Loughton?
Lexsure has not been advised of any intention on the part of the BSA to develop such a register.
Should my lawyer be raising questions about flooding as part of the conveyancing in Loughton.
Flooding is a growing risk for conveyancers dealing with homes in Loughton. There are those who acquire a house in Loughton, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the property. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, but there are a number of checks that can be carried out by the buyer or by their conveyancers which will figure out the risks in Loughton. The conventional set of property information forms given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the owner to discover if the property has suffered from flooding. If flooding has previously occurred which is not notified by the vendor, then a buyer could bring a claim for damages resulting from an misleading reply. The buyer’s solicitors will also order an environmental report. This should disclose whether there is any known flood risk. If so, more detailed investigations should be initiated.
Me and my brother own a 4 bedroom Victorian property in Loughton. Conveyancing solicitor acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the matching address. Is it worth asking Accord Mortgages Ltd to clarify?
You need to read the Freehold register you have again and check the Charges Register for 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 Loughton and other locations in 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 situation with the conveyancing lawyer who conducted the work.
Due to the input of my in-laws I had a survey completed on a property in Loughton in advance of appointing solicitors. I have been informed that there is a flying freehold element to the property. The surveyor advised that some lenders will refuse to grant a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. If you e-mail us we can check with 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 Loughton. Conveyancing may be slightly more expensive based on your lender's requirements.
There are only 72 years unexpired on my lease in Loughton. I need to extend my lease but my freeholder is missing. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. However, you will be required to prove that you have done all that could be expected to find the landlord. For most situations a specialist would be useful to carry out a search and prepare an expert document to be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a solicitor in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Loughton.
I have given up trying to purchase the freehold in Loughton. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a Loughton conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Loughton premises is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case affected 2 flats. The unexpired residue of the current lease was 69.26 years.