It is a dozen years since I purchased my home in Southwark. Conveyancing lawyers have recently been instructed on the sale but I can't find my title deeds. Is this a major issue?
Don’t worry too much. First there is a possibility that the deeds will be kept by your lender or they could be in the possession of the solicitor who oversaw the purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining current official copies of the land registers. Most conveyancing in Southwark relates to registered property but in the unlikely event that your home is unregistered it adds to the complexity but is resolvable.
I am helping my aunt sell her flat in Southwark. Will the conveyancer order an energy assessment or it is for the owner to see to?
After the demise of Home Information Packs, energy performance certificates became a required element of moving property. An energy performance certificate should be commissioned prior to the property being put on the market. This is not a task that solicitors normally organise. Where you are instructing a Southwark conveyancing lawyer they might help arrange energy assessments given their relationships with reputable Southwark accredited person
Have just purchased a probate house at auction in Southwark. Conveyancing is required. What is next?
Having legally bound yourself to purchase you now have to choose a conveyancing solicitor as a matter of priority as you are facing a fast approaching a drop dead date to complete the conveyancing. All auction property should have a bespoke auction set of papers. This will likely include the copy title deeds, local authority and drainage searches. If you have purchased leasehold property the conveyancing pack should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You need to give this to your appointed conveyancing solicitor ASAP. You also need to ensure that your finances are in place to complete the transaction on the set completion date.
My fiancee and I are at the point of looking at flats in Southwark and I am now considering a potential offer. Should I already have a property lawyer in place at this point? I intend to finance via a mortgage with Nationwide.
You should start requesting conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. Given that you are taking out a mortgage with Nationwide, make sure you remember to check that your lawyer is on the Nationwide conveyancing panel.
Despite weeks of looking the Title Certificate and documents to our home are lost. The solicitors who dealt with the conveyancing in Southwark 10 years ago no longer exist. Will I be able to sell the house?
These day there are copies made of almost everything, and your conveyancer should know exactly where to locate all the appropriate paperwork so you may buy or sell your house without any difficulty. If duplicates are not available, your conveyancer can put in place insurance or indemnities against future claims on the premises.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Southwark is where the house is located. What do you suggest?
Flying freeholds in Southwark are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Southwark you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southwark 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 premises.
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I am hoping to put an offer on a small detached house that appears to be perfect, at a reasonable figure which is making it more attractive. I have since discovered that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Southwark. Conveyancing solicitors have are about to be instructed. Will they explain the issues?
The majority of houses in Southwark are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are purchasing in Southwark in which case you should be shopping around for a Southwark conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’spermission to conduct changes to the property. You may also be required to pay a contribution towards the maintenance of the estate where the house is located on an estate. Your solicitor should appraise you on the various issues.
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Southwark. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We can put you in touch with a Southwark conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Southwark residence is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case related to 41 flats. The unexpired term as at the valuation date was 107 years.