My brother and I have recently purchased a house in Paddington. We have since encountered a number of issues with the house which we believe were omitted in the conveyancing searches. What action can we take? Can you clarify the type of searches that needed to have been ordered for conveyancing in Paddington?
The query is not clear as what problems have arisen and if they are relate to conveyancing in Paddington. Conveyancing searches and investigations undertaken as part of the buying process are supposed to help avoid problems. As part of the process, a property owner completes a form referred to as a Seller’s Property Information Form. If the information provided is inaccurate, you may have a misrepresentation claim against the seller 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 Paddington.
My Solicitor in Paddington is not listed on the Godiva Mortgages Ltd Approved Panel. Can I still retain my prefered solicitor notwithstanding that they are not on the Godiva Mortgages Ltd list of approved lawyers?
The limited options open to you here include:
- Carry on with your preferred Paddington solicitors but Godiva Mortgages Ltd will need to retain a lawyer on their list of acceptable firms. This will inevitably rack up the overall legal charges as well as cause delays.
- Find a new lawyer to to deal with the purchase, not forgetting to check they are Convince your conveyancer to do everything within their powers to join the Godiva Mortgages Ltd conveyancing panel
Should commercial conveyancing searches reveal impending roadworks that may affect a commercial premises in Paddington?
Its becoming the norm that commercial conveyancing solicitors in Paddington will perform a SiteSolutions Highways report as it reduces the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Paddington. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Paddington.
For every commercial conveyancing transaction in Paddington it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately may result in delays to Paddington commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Paddington.
I'm purchasing my first flat in Paddington with a loan from Platform Home Loans Ltd. The sellers refused to reduce the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not to tell my lawyer about the extras as it will adversely affect my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've found a house that seems to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have since found out that it's a leasehold as opposed to freehold. I am assuming that there are issues purchasing a leasehold house in Paddington. Conveyancing solicitors have not yet been instructed. Will they explain the issues?
The majority of houses in Paddington are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Paddington in which case you should be shopping around for a Paddington conveyancing solicitor and check that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’spermission to carry out alterations. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the house is located on an estate. Your conveyancer will appraise you on the various issues.
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Paddington. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a Paddington conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Paddington residence is Flats 37 & 39 88/90 Portland Place in December 2010. The Tribunal determined that the premium payable for the lease extensions in respect of these two flats is as follows:- For Flat 37, the sum of £385,230.00 For Flat 39, the sum of £436,780.00 This case was in relation to 2 flats. The unexpired term was 24.02 years.
After what seems like an age a mortgage offer from a mortgage company for the refinancing of my 2 bedroom flat is expected imminently. Are you able to recommend a cheap remortgage conveyancing lawyer in Paddington ?
You have come to the wrong place to search for the cheapest conveyancing solicitors in Paddington. We can offer you cost effective conveyancing but our intention is not to advertise as being the cheapest. Avoid the trap of appointing brokers offering £99 conveyancing in Paddington.In your best case scenario, in opting for cheap conveyancing, you will end up with what you pay for and at worst you will end up invoiced for extras and still not get the service required.