My wife and I buying a 3 bedroom semi in Millwall. We would like to carry out a loft conversion at the house.Will the conveyancing process involve enquiries to determine if these works are allowed?
Your property lawyer will check the registered title as conveyancing in Millwall can on occasion identify restrictions in the title documents which prohibit certain changes or necessitated the permission of another owner. Many additions call for local authority planning consent and approval under the building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
My wife and I have organised a further advance on our mortgage from Lloyds as we intend to conduct renovations to our property in Millwall. Do we need to choose a local Millwall solicitor on the Lloyds conveyancing panel to handle the paperwork?
Lloyds would not normally require a member of their approved list of lawyers to deal with the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Lloyds list.
Barclays have agreed my home loan in principle, my bid on a house in Millwall has been accepted, what happens next?
The property agent will wish to be advised as to your conveyancer's details (ensure that the conveyancing practitioners are on the lender’s panel). Contact Barclays or your broker and finish off any appropriate documentation. Barclays will sellect a valuer who will get in touch with the selling agent or owners to schedule an appointment. Once carried out (assuming no problems) it takes about a week to receive the mortgage offer. Barclays will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Millwall.
We are buying a house and the lawyer has referenced Chancel Repair for which the house could be obligated to contribute to given it’s proximity to the area of such a church. She has suggested insurance. Is this strictly warranted for conveyancing in Millwall
Unless a prior purchase of the premises completed post 12 October 2013 you may expect lawyers carrying out conveyancing in Millwall to remain encouraging a chancel search and or chancel repair liability insurance.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Millwall?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Millwall. 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…’
The estate agent has sent us the confirmation of our purchase of a new build apartment in Millwall. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Millwall
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Millwall conveyancing firm to act on my behalf?
Where there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to assess the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a Millwall flat is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case affected 3 flats. The unexpired term was 101.61 years.
In relation to leasehold conveyancing in Millwall what are the most frequent lease problems?
There is nothing unique about leasehold conveyancing in Millwall. All leases are unique and legal mistakes in the legal wording can sometimes mean that certain sections are missing. For example, if your lease is missing any of the following, it could be defective:
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Maintenance charge proportions which don’t add up to the correct percentage Insurance obligations
You will have a problem when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Barclays , Coventry Building Society, and Platform Home Loans Ltd all have very detailed conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the purchaser to withdraw.
We are in the middle of purchasing a house in Millwall. Conveyancing solicitor has told us the property is "Leasehold". Should this adversely affect the marketability of the house?
Millwall conveyancing does not usually involve leasehold houses. The main consideration here is the unexpired lease term and the ground rent. If it's 999 years with a nominal rent, it's virtually freehold, so it’s unlikely to impact the saleability too much.
At the other extreme, if it's, say, fifty five years it will have a significant impact on the value, and most likely wouldn't be acceptable to the mortgage company. The length of lease and ground rent will be stated in the lease to be supplied to your property lawyer.