Why would one appoint a Wapping conveyancing solicitors firm given that web based conveyancers are easier on the wallet?
By all means make sure that you scrutinise conveyancing costs in Wapping and you should seek a reasonable fee calculation but don’t be focused with searching for the lowest priced Wapping conveyancer. Identifying the right conveyancer can mark the difference between a smooth and a frustrating move. You need to ensure that you have expert advice from an experienced conveyancer. Emails can't be as helpful as a telephone discussion and are no substitute for a face to face appointment. Our partner firms will allocate you a qualified and experienced conveyancing solicitor that will deal with your conveyancing from beginning to end, providing a level of continuity that you rarely receive from an web based conveyancer. Our lawyers will contact you regularly to update you as to progress and keep you informed. Should it ever be necessary to call the office you will be sure who to ask for and they will ensure you are in the know.
What can a local search tell me regarding the house I am buying in Wapping?
Wapping conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations such as Searches UK The local search is essential in every Wapping conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your property. The search will 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 thirteen topic areas.
four months have elapsed since my purchase conveyancing in Wapping took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one round the corner in Wapping I like with a park and station nearby, the downside is that it's only got 52 years on the lease. There is not much else in Wapping for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
I'm converting the mortgage on my primary house to a BTL mortgage with Chelsea Building Society and intend to use the remaining equity as a deposit on a second house. The area we are talking about is Wapping. Will your lawyers be able to act for both sets of mortgage companies and tie in the conveyances?
Make use of our comparison tool on this site to ensure that the solicitors are on the relevant lender panels. Having checked that they are the lawyer will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and communicate your expectations and needs.
Back In 2001, I bought a leasehold flat in Wapping. Conveyancing and Alliance & Leicester mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Wapping who acted for me is not around. What should I do?
First make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Wapping conveyancing solicitor to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I own a ground-floor 1950’s flat in Wapping. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for a lease extension?
Absolutely. We can put you in touch with a Wapping conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Wapping property 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 affected 41 flats. The unexpired term as at the valuation date was 107 years.