My wife and I are due to exchange buying a house in Silvertown but as a result of damage from a small fire at the property I have managed to agree compensation from the seller of three thousand pounds taking the form of a deduction in the price. This was going to be addressed as part of a side agreement however Leeds Building Society will not agree to this. Should they have been approached?
The conveyancer being on the Leeds Building Society conveyancing panel is required to advise Leeds Building Society of any amendments to the purchase price. If you prohibit your conveyancing practitioner to notify the price change to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new conveyancer for your conveyancing in Silvertown.
My colleague advised me that where I am purchasing in Silvertown I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Silvertown conveyancing searches. It is not a small report of about 40 pages, listing and detailing important information about Silvertown around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Silvertown Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Silvertown Education with plans and statistics, Local Amenities and other useful information concerning Silvertown.
I used Arc property Solicitors several years past for my conveyancing in Silvertown. Now, I need my documents however cannot find the solicitor. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Silvertown of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Silvertown I like with open areas and station nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Silvertown for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I am looking to sell my home. My previous conveyancers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Silvertown if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Silvertown. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
Planning to exchange soon on a studio apartment in Silvertown. Conveyancing lawyers have said that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Silvertown should include some of the following:
You should know if the lease allows you to change or upgrade aspects of the premises- you must be made aware as to whether it relates to all alterations or limited to structural alteration, and whether permission is required How long the lease is. You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years The physical extent of the premises. This could be the apartment itself but might incorporate a roof area or cellar if appropriate. What you can do if an adjoining owner is in violation of a provision in their lease? Whether your lease caters for for a slush fund?
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Silvertown conveyancing firm to act on my behalf?
in cases where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to decide the premium.
An example of a Lease Extension decision for a Silvertown property is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case was in relation to 1 flat. The unexpired lease term was 69.77 years.