It is is a decade since I bought my property in West Norwood. Conveyancing lawyers have now been instructed on the sale but I am unable to track down my title documents. Is this a major issue?
You need not be too concerned. First the deeds may be with the lender or they could be in the possession of the solicitor who oversaw your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. Nearly all conveyancing in West Norwood involves registered property but in the unlikely event that your property is not registered it adds to the complexity but is not insurmountable.
4 months have gone by since my purchase conveyancing in West Norwood completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £180,000. 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 residence 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.
I am buying a new build flat in West Norwood. Conveyancing is daunting 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 are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in West Norwood
Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I'm converting the mortgage on my primary property to a buy to let loan with Alliance & Leicester and intend to use the remaining equity as a deposit on another property. The area we are looking at is West Norwood. Will your lawyers be able to act for both sets of banks and link together the transactions?
Make use of our comparison tool on this page to check that the solicitors are on the relevant lender panels. Assuming that they are the solicitor should be able to tie up the two conveyancing matters but you should talk with you conveyancer and make apparent your desired outcome and requirements.
My husband and I are 17 days into a leasehold purchase having been referred to conveyancers by the high street agent to execute conveyancing in West Norwood. I am am starting to be frustrated with the level of service. Can you you assist me in finding new lawyers?
A conveyancer would need to be really poor in order to consider changing them. Has your loan offer been issued? If so you will need to inform them of the new contact details and ensure the offer are issued to the new lawyers. Your conveyancer needs to be on the lenders panel to avoid escalating expenses and complications. That should be your starting point. The search tool can help you find a bank approved lawyer for your conveyancing in West Norwood
Planning to sign contracts shortly on a garden flat in West Norwood. Conveyancing lawyers assured me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in West Norwood should include some of the following:
What the implications are if you are in breach of your lease terms? Alterations to the premises specifics of the parties to the lease, for instance these could be the lessee, superior lessor, landlord Whether your lease has a provision for a reserve fund for major repairs? Rent payments - what is due and what the invoice dates are, and be on notice if this is subject to change
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a West Norwood conveyancing firm to help?
Where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to arrive at the sum to be paid.
An example of a Freehold Enfranchisement case for a West Norwood residence is 172 Knollys Road in February 2012. On 13 September 2011 District Judge Guinan made a vesting order and the proceedings were transferred to the tribunal for the purpose of assessing the premium which was subsequently calculated to be £24,003 This case affected 4 flats. The unexpired residue of the current lease was 98.28 for 3 flats other than the garden flat which had 66.04 years remaining.