I am acquiring an apartment in Addiscombe. My Solicitor is not listed on the bank approved list. Am I still permitted to use my Addiscombe conveyancing solicitor even though they are not on the bank list of approved lawyers?
You must instruct a property lawyer to complete the formalities when you need a loan to buy your home. They will carry out all the relevant legal checks on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage paperwork is dealt with. One can appoint a Addiscombe conveyancing practitioner of your choosing. Nevertheless, if the conveyancer appointed is not a member of the bank approved list supplemental charges will arise as separate legal representation will be need by the mortgage company. Lender panel applications can be submitted, so provided your conveyancer has not previously sought membership they should take the opportunity to apply.
It is is a decade since I purchased my home in Addiscombe. Conveyancing solicitors have just been appointed on the sale but I can't track down my deeds. Will this cause complications?
Don’t worry too much. First there is a possibility that the deeds will be with the mortgage company or they may be in the possession of the lawyers who acted in the purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Almost all conveyancing in Addiscombe relates to registered property but in the rare situation where your home is unregistered it is more tricky but is not insurmountable.
I have been told that property searches are the primary cause of obstruction in Addiscombe conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure amongst the top 10 causes of delays in the conveyancing process. Local searches are unlikely to be the root cause of delay in conveyancing in Addiscombe.
What does commercial conveyancing in Addiscombe cover?
Addiscombe conveyancing for business premises incorporates a broad array of guidance, offered by qualified solicitors, relating to business premises. By way of example, this type 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 leases.
I am tempted by the attractive purchase price for a two apartments in Addiscombe both have in the region of fifty years unexpired on the lease term. should I be concerned?
There are plenty of short leases in Addiscombe. The lease is a legal document that entitles you to use the property for a period of time. As a lease gets shorter the value of the lease reduces and results in it becoming more costly to acquire a lease extension. This is why it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders may be unwilling to lend money on such properties. Lease extension can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this area.
I have given up trying to purchase the freehold in Addiscombe. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We are happy to put you in touch with a Addiscombe conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Addiscombe flat is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case related to 4 flats. The unexpired lease term was 98 years.
Can I establish who owns a property in Addiscombe?
Assuming that the property is registered with the Land Registry, and you have enough specifics of the address of the premises, you should be able to view results from the HMLR of the recorded owner for a fee.