Much to our surprise we have been told by our mortgage broker that my Welling the law firm I have appointed is not on the bank Conveyancing panel. What can I do to be sure that this is correct?
Your first step should be to call your Welling lawyer directly. You lawyer should advise you of the situation. If they are not on the panel they may recommend you to a Welling conveyancing practice that is on the conveyancing panel for your bank.
My wife and I have lately bought a house in Welling. We have since encountered a number of issues with the house which we believe were omitted in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that should have been conducted as part of conveyancing in Welling?
The query is not clear as to the nature of the problems and if they are relate to conveyancing in Welling. Conveyancing searches and investigations initiated as part of the legal transfer of property are designed to help avoid problems. As part of the process, a property owner completes a document known as a SPIF. If the information is misleading, you may have a misrepresentation claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Welling.
My bank has suggested a law firm on their panel based in Welling but I would rather choose a conveyancing lawyer in Welling or nearer to where I live. Are you able to help?
The minority of Welling conveyancing practitioners are approved and listed on all lender’s conveyancing panel. Use our find an approved solicitor tool to locate a Welling conveyancing firm on the on the bank panel.
My relative suggested that if I am buying in Welling I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes quoted for as part of the standard Welling conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Welling around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Welling Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data concerning Welling.
What does commercial conveyancing in Welling cover?
Non domestic conveyancing in Welling covers a wide range of services, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I own a leasehold flat in Welling. Conveyancing was finished in 21012. I have been told that I should not let the the remaining lease term to get too short. Is this right?
Welling leasehold properties are for a fixed period - normally just under one hundred years when they are first granted. However a significant appartments in Welling were constructed or converted 30 or more years ago and so these leases now have fewer than 80 years remaining. This may seem like plenty of time however Banks, Building Societies and other mortgage lenders tend to need leases to have a minimum of 75 years remaining to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are nearing 75 years. To maximise the marketability of your property you should be thinking about whether to extend your lease long before you come to sell it. Furthermore advantages to taking action before the lease reaches even 80 years as when the lease falls below 80 years the premium to be paid to extend starts to increase.