My brother and I have just purchased a house in South Woodford. We have noticed several issues with the property which we suspect were overlooked in the conveyancing searches. Is there anything we can do? What searches should? have been ordered as part of conveyancing in South Woodford?
It is not clear from the question as to the nature of the problems and if they are unique to conveyancing in South Woodford. Conveyancing searches and investigations undertaken during the buying process are designed to help avoid problems. As part of the legal transfer of property, a property owner fills in a document referred to as a Seller’s Property Information Form. If the information provided is misleading, you could possibly take legal action against the owner 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 South Woodford.
It is is a decade since I purchased my house in South Woodford. Conveyancing lawyers have just been retained on the sale but I am unable to track down my deeds. Is this a problem?
You need not be too concerned. First the deeds may be with the lender or they may be archived with the lawyers who acted in the purchase. Secondly the chances are that the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing lawyers acquiring up to date copy of the land registers. The vast majority of conveyancing in South Woodford involves registered property but in the rare situation where your property is unregistered it adds to the complexity but is resolvable.
I'm purchasing a new build house in South Woodford with a loan from TSB. The developers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The estate agent suggested that I not reveal to my conveyancer about this extras as it will affect my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
Hoping to buy a property located in South Woodford and I am already nervous. I couldn't find anything specific about South Woodford. Conveyancing will be needed in due course but do you know about the South Woodford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at South Woodford. In the meantime here are some basic statistics that we found
I am intending to let out my leasehold flat in South Woodford. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
Some leases for properties in South Woodford do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I am the leaseholder of a first floor flat in South Woodford. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
You certainly can. We can put you in touch with a South Woodford conveyancing firm who can help.
An example of a Lease Extension case for a South Woodford flat is 135 Maybank Road in January 2013. The Tribunal determined that the price to be paid by the tenants for the grant of a new lease is £10,592 This case was in relation to 1 flat. The unexpired term as at the valuation date was 71.2 years.
Why is New Build conveyancing in South Woodford more costly?
Buying a brand new property is significantly distinct from the standard house purchase conveyancing in South Woodford. For a start housebuilders normally need contracts to exchange very quickly, the result being a lot of pressure on your property lawyer to make sure all is in order. Furthermore new build premises often necessitate examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Mortgage lender obligations are also more detailed. Taking into account the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.