Do the conveyancing lawyers identified via your search tool execute conveyancing in South Woodford by way of an attended exchange?
We do have a number of conveyancing specialists who can conduct attended exchanges. You should call us to obtain a costs illustration and details as to dates.
I purchased a freehold residence in South Woodford but still invoiced for rent, why is this and what is this?
It’s unusual for properties in South Woodford and has limited impact for conveyancing in South Woodford but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Will my solicitor be making enquiries regarding flooding as part of the conveyancing in South Woodford.
Flooding is a growing risk for conveyancers specialising in conveyancing in South Woodford. There are those who acquire a property in South Woodford, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the buyer.
Lawyers are not qualified to give advice on flood risk, however there are a number of checks that can be carried out by the purchaser or by their lawyers which can give them a better understanding of the risks in South Woodford. The standard completed inquiry forms supplied to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the seller to discover whether the property has ever been flooded. In the event that flooding has previously occurred which is not disclosed by the vendor, then a purchaser could bring a compensation claim resulting from an incorrect reply. The buyer’s lawyers should also commission an enviro search. This should disclose if there is any known flood risk. If so, more detailed investigations should be initiated.
The deeds to our home are lost. The conveyancers who conducted the conveyancing in South Woodford 10 years ago no longer exist. Will I be able to sell the house?
In today’s world there are copies made of almost everything, and your conveyancer should be aware precisely where to find all the appropriate paperwork so you can buy or dispose of your property without any difficulty. If duplicates are not available, your lawyer may be able to put in place insurance or indemnities protecting you against possible claims on your premises.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a simple, no chain conveyancing. South Woodford is where the house is located. Can you shed any light on this issue?
Flying freeholds in South Woodford are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South Woodford you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Woodford may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I today plan to offer on a house that seems to be perfect, at a reasonable figure which is making it all the more appealing. I have subsequently discovered that the title is leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in South Woodford. Conveyancing advisers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in South Woodford ?
Most houses in South Woodford are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. We note that you are buying in South Woodford in which case you should be looking for a South Woodford conveyancing solicitor and check that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as requiring the freeholder’spermission to carry out changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your solicitor should report to you on the legal implications.
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a South Woodford conveyancing firm to act on my behalf?
Absolutely. We are happy to put you in touch with a South Woodford conveyancing firm who can help.
An example of a Lease Extension decision for a South Woodford residence 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 related to 1 flat. The unexpired lease term was 71.2 years.
