Is the fact that my solicitor in Manor Park is not identified on my bank's solicitor panel that there is a problem with the standard of her work?
It would not be wise to jump to that conclusion. There are all sorts of perfectly plausible explanations. A recent report by the solicitors regulator indicated that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should contact the Manor Park conveyancing firm and enquire why they are no longer on the approved list for your lender.
My brother and I have just bought a house in Manor Park. We have noticed several problems with the house which we consider were overlooked in the conveyancing searches. Do we have any recourse? What searches should? have been conducted for conveyancing in Manor Park?
The question is vague as what problems have arisen and if they are specific to conveyancing in Manor Park. Conveyancing searches and due diligence undertaken as part of the buying process are carried out to help avoid problems. As part of the process, a seller answers a document referred to as a Seller’s Property Information Form. answers is inaccurate, then you may have a claim 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 Manor Park.
Are the Manor Park conveyancing solicitors identified as being on the HSBC conveyancing panel, together with their details provided by HSBC?
Manor Park conveyancing firms themselves provide us confirmation that they are on the HSBC conveyancing panel as opposed to being supplied with a list from HSBC directly.
My friend advised me that where I am purchasing in Manor Park I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Manor Park conveyancing searches. It is not a small document of more than thirty pages, listing and detailing important information about Manor Park around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Manor Park Education with plans and statistics, Local Amenities and other useful information about Manor Park.
I have been on the look out for a leasehold apartment up to £235,500 and found one close by in Manor Park I like with open areas and railway links in the vicinity, however it's only got 49 years unexpired on the lease. There is not much else in Manor Park for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I've recently bought a leasehold property in Manor Park. Do I have any liability for service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Having spent months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Manor Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We can put you in touch with a Manor Park conveyancing firm who can help.
An example of a Lease Extension decision for a Manor Park property is 240 Strone Road in January 2014. the tribunal held that the price to be paid for the freehold interest was£23,538 of which£13,017 is attributable to the ground floor flat and £10,521 to the first floor flat. This case was in relation to 2 flats. The number of years remaining on the existing lease(s) was 65.5 years.