My wife and I have lately acquired a property in Sneyd Park. We have noticed several issues with the property which we believe were overlooked in the conveyancing searches. What action can we take? What searches should? have been ordered for conveyancing in Sneyd Park?
The question is not clear as to the nature of the problems and if they are unique to conveyancing in Sneyd Park. Conveyancing searches and due diligence undertaken during the legal transfer of property are designed to help avoid problems. As part of the legal transfer of property, a property owner fills in a questionnaire referred to as a SPIF. answers is incorrect, you could possibly take legal action 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 Sneyd Park.
It is 10 years ago since I bought my home in Sneyd Park. Conveyancing lawyers have now been appointed on the sale but I am unable to locate the title documents. Will this cause complications?
You need not be too concerned. First there is a chance that the deeds will be retained by your mortgage company or they could be in the possession of the lawyers who acted in your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. The vast majority of conveyancing in Sneyd Park relates to registered property but in the rare situation where your home is unregistered it is more problematic but is resolvable.
My uncle passed away 10 months ago and as sole heir and executor I was left the house in Sneyd Park. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this possible?
If you intend to refinance then Aldermore will require that you use a conveyancer on the Aldermore conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Aldermore conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Aldermore mortgage is registered as a charge at the Land Registry.
Will my lawyer be raising questions regarding flooding as part of the conveyancing in Sneyd Park.
The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Sneyd Park. Plenty of people will purchase a house in Sneyd Park, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or dispose of the property. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a various checks that may be initiated by the purchaser or on a buyer’s behalf which can figure out the risks in Sneyd Park. The conventional set of completed inquiry forms sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the seller to determine whether the property has historically flooded. If flooding has previously occurred and is not notified by the seller, then a purchaser could commence a legal claim for losses resulting from an inaccurate reply. A buyer’s conveyancers may also order an environmental search. This should indicate whether there is a recorded flood risk. If so, additional investigations will need to be carried out.
Given that I am about to part with over three hundred thousand on a house in Sneyd Park I wish to talk to a conveyancer regarding theconveyancing ahead of giving the go ahead to the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you speaking to the solicitor due to be carrying out your conveyancing in Sneyd Park.There is no ‘factory style conveyancing’ - every client is an important individual, not a matter number. The practices that we put you in touch with believe that the fees you are calculated and presented to you for residential conveyancing in Sneyd Park should be the amount on the final invoice that you are charged.
Looking forward to exchange soon on a studio apartment in Sneyd Park. Conveyancing lawyers assured me that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Sneyd Park should include some of the following:
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Details of the parties to the lease, e.g. these could be the (you), head lessor, landlord Are you allowed to have a pet in the flat? Does the lease prohibit wood flooring? Specifying your rights in respect of common areas in the block.By way of example, does the lease permit a right of way over an accessway or hallways? Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice?
I am the registered owner of a split level flat in Sneyd Park, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in Sneyd Park with a long lease are worth £202,000. The ground rent is £60 charged once a year. The lease comes to an end on 21st October 2082
With just 57 years left to run we estimate the premium for your lease extension to range between £28,500 and £33,000 as well as legals.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.