My husband and I are approaching an exchange on a property in Thamesmead and my mum and dad have transferred the 10% deposit to my conveyancer. I am now informed that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
Your conveyancing practitioner is duty bound to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Completed the sale of my flat in Thamesmead last October yet the purchaser is e-mailing daily complaining that her lawyer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your sale your solicitor is duty bound to deliver the transfer documentation and all additional paperwork to the purchaser's lawyers. Where appropriate, your lawyer should also confirm that the legal charge in favour of the lender has been paid off to the buyers conveyancers. There are no post completion tasks just for conveyancing in Thamesmead.
I need some expedited conveyancing in Thamesmead as I am under an ultimatum to sign on the dotted line within one month. Luckily I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are not taking a home loan you are at liberty not to have searches conducted although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Thamesmead the following are examples of issues that can arise and adversely affect the marketability of the property: Enforcement Notices, Overdue Charges, Overdue Grants, Road Schemes,...
Hoping to buy a property located in Thamesmead and I am already nervous. I couldn't find anything specific about Thamesmead. Conveyancing will be needed in due course but do you know about the Thamesmead area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Thamesmead. In the meantime here are some basic statistics that we found
Back In 2004, I bought a leasehold house in Thamesmead. Conveyancing and Nationwide Building Society mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Thamesmead who previously acted has now retired. Do I pay?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Thamesmead conveyancing solicitor to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have had difficulty in trying to purchase the freehold in Thamesmead. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to arrive at the sum to be paid.
An example of a Lease Extension decision for a Thamesmead residence is Various @ Colombus Square in January 2012. the Tribunal calculated the premiums to be paid for new leases for each of the flats in Mariners Walk to be £3822 and the premium to be paid for the new lease of 2 Knights Court to be £4439. This case related to 13 flats. The unexpired term was 76 years.
Is there a distinction between surveying and conveyancing in Thamesmead?
Conveyancing - in Thamesmead or anywhere in England and Wales - 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’re intending to buy and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the buying price down or asking the seller to fix the defects prior to you move in.