What does a local search tell me concerning the house I am purchasing in South Woodford?
South Woodford conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search organisations such as PSG The local search plays an important part in most South Woodford conveyancing purchase; as long as you wish to avoid any unpleasant once you have moved into your new home. The search should supply information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject headings.
four months have elapsed since my purchase conveyancing in South Woodford concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I'm remortgaging my existing house to a buy to let loan with Bank of Ireland and intend to use the remaining equity towards a second house. The area we are interested in is South Woodford. Will your lawyers be able to act for both sets of banks and link together the two deals?
Do use our search tool on this page to check that the lawyers are approved by both banks. Having checked that they are the conveyancer should be able to connect the two deals but you should have a chat with you solicitor and specify your expectations and requirements.
My husband and I are new on the property ladder - had an offer accepted, yet the agent told us that the vendor will only go ahead if we appoint the agent's recommended conveyancers as they want a ‘quick sale’. We would rather use a local solicitor used to conveyancing in South Woodford
It is unlikely the owners are driving this. If they desire ‘a quick sale', taking such a hostile approach to a serious purchaser is counter productive. Avoid the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)however you are going to appoint your preferred South Woodford conveyancing solicitors - as opposed tothe ones that will earn their negotiator at the agency a referral fee or hit his conveyancing figures set by head office.
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a South Woodford conveyancing firm to represent me?
Most certainly. We are happy to put you in touch with a South Woodford conveyancing firm who can help.
An example of a Lease Extension case for a South Woodford premises 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 affected 1 flat. The unexpired term was 71.2 years.
Are there frequently found problems that you see in leases for South Woodford properties?
Leasehold conveyancing in South Woodford is not unique. Most leases are drafted differently and drafting errors can result in certain provisions are wrong. For example, if your lease is missing any of the following, it could be defective:
Repairing obligations to or maintain elements of the building
You may encounter 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. Birmingham Midshires, The Royal Bank of Scotland, and Clydesdale all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is defective they may refuse to provide security, obliging the purchaser to pull out.
What is the distinction between surveying and conveyancing in South Woodford?
Conveyancing - in South Woodford or elsewhere - is the legal term given to transferring legal title of property from one person to another. It involves the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are intending to buy and will help you discover the condition of the building and, if there are problems, give you a powerful reason for negotiating the purchase price down or asking the seller to remedy the defects before you move in.