Willappointing a Streatham conveyancing practitioner make the home moving process easier?
Generally conveyancing practitioners in your area will have excellent relationships with your local authority, which could assist with the Streatham conveyancing searches that your solicitor will inevitably need. It also helps if they enjoy good relationships with the Local Land Registry Office your area Streatham, other lawyers in the location and Streatham Estate Agents.
My wife and I are refinancing our apartment in Streatham with TSB. We have a son 18 who lives with us. Our solicitor requested us to identify anyone over the age of 17 other than ourselves who reside at the property. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the property is forfeited by the lender. I have a couple of questions (1) Is this form unique to the TSB conveyancing panel as he did not need to sign this form when we purchased 5 years ago (2) Does our son by signing this extinguish his rights to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to TSB. This is solely used to protect TSB if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of TSB had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I am the registered owner of a freehold property in Streatham yet charged rent, why is this and what is this?
It’s unusual for properties in Streatham and has limited impact for conveyancing in Streatham 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 date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
This question may be naive but I am new to the house moving as FTB of a garden flat in Streatham. Do I collect the keys to the house on the completion date from my lawyer? If so, I will instruct a local conveyancing solicitor in Streatham?
On the day of completion you do not need to attend the conveyancers office in Streatham. Conveyancing lawyers for you will arrange to send the completion advance to the seller's conveyancers, and once they have received this, you will be able to pick up the keys from the Estate Agents and start moving into the property. Usually this occurs between 1 and 3pm.
My stepmother pointed out to me me that in buying a property in Streatham there could be various restrictions affecting the ability to carry out external alterations to a property. Is this right?
We are aware of a number of properties in Streatham which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Streatham should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My fiancee and I are spending time looking at flats in Streatham and I am about to put in an offer. Is it best to have my property lawyer on ‘stand by’? I am planning to take a home loan with Barclays.
It would be prudent to start your search sooner rather than later. 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 details on to the EA. As you are seeking a mortgage with Barclays, make sure you remember to check that your lawyer is on the Barclays conveyancing panel.
I am buying a new build apartment in Streatham. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Streatham
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Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I am in need of some leasehold conveyancing in Streatham. Before I get started I want to be sure as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and almost all are in Streatham - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I inherited a two-bedroom flat in Streatham. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the premium due for a lease extension?
in cases where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the LVT to judgment on the price.
An example of a Lease Extension decision for a Streatham property is Flat 12, Newlands Court Streatham Common North in May 2012. the decision of the Tribunal was that the premium payable by the Applicants to the Respondent for the new lease of the Premises be £70,140. This case affected 1 flat. The unexpired term as at the valuation date was 23.25 years.