My brother and I have just acquired a property in Wood Green. We have noticed several issues with the house which we believe were missed in the conveyancing searches. Is there anything we can do? What searches should? have been carried out as part of conveyancing in Wood Green?
The question is not clear as to the nature of the problems and if they are unique to conveyancing in Wood Green. Conveyancing searches and investigations undertaken as part of the buying process are designed to help avoid problems. As part of the legal transfer of property, a property owner fills in a questionnaire referred to as a SPIF. If the information turns out to be incorrect, then you may have a claim against the owner 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 Wood Green.
As someone clueless as to the Wood Green conveyancing process what’s your top tip you can impart concerning the house moving process in Wood Green
You may not hear this from too many lawyers but conveyancing in Wood Green and elsewhere in North London is often a confrontational experience. Put another way, when it comes to conveyancing there is lots of room for friction between you and other parties involved in the transaction. E.g., the vendor, property agent and even potentially your mortgage company. Selecting a law firm for your conveyancing in Wood Green an important selection as your conveyancer is your adviser, and is the SOLE person in the process whose responsibility is to look after your best interests and to keep you safe.
There is a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process being so protracted. You your first instinct should be to trust your lawyer ahead of the other players when it comes to the legal assignment of property.
Do commercial conveyancing searches disclose planned roadworks that could impact a commercial premises in Wood Green?
Many commercial conveyancing solicitors in Wood Green will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in looking into accurate data on highways that impact buildings and development assets in Wood Green. The report sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Wood Green.
For each commercial conveyancing transaction in Wood Green it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately could cause delays to Wood Green commercial conveyancing deals as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in Wood Green.
2 months have elapsed following my purchase conveyancing in Wood Green completed. I have checked the Land Registry website which shows that I paid £150,000 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 premises 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.
Should I use a Wood Green conveyancing solicitor based in the area that I am buying? We have a good friend who can conduct the legal work however her office is 200miles drive away.
The primary upside of using a local Wood Green conveyancing firm is that you can attend the office to sign documents, hand in your ID and pester them where appropriate. They will also have local insight which is a plus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and the majority were impressed that must outweigh using an unknown Wood Green conveyancing lawyer solely due to them being local.
I've found a house that appears to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have just found out that the title is leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Wood Green. Conveyancing advisers have not yet been appointed. Will they explain the issues?
The majority of houses in Wood Green are freehold and not leasehold. In this scenario it’s worth having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. We note that you are purchasing in Wood Green so you should seriously consider looking for a Wood Green conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’spermission to conduct alterations. You may also be required to pay a service charge towards the upkeep of the estate where the property is located on an estate. Your solicitor will advise you fully on all the issues.
I have given up trying to purchase the freehold in Wood Green. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We are happy to put you in touch with a Wood Green conveyancing firm who can help.
An example of a Lease Extension decision for a Wood Green residence is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case related to 1 flat. The unexpired residue of the current lease was 81.79 years.