As a FTB what is the most important advice you can give me concerning purchase conveyancing in Botany Bay?
Not many law firms or advisers will tell you this but conveyancing in Botany Bay or throughout England and Wales is an adversarial process. Put another way, when it comes to conveyancing there is an abundance of room for confrontation between you and other parties involved in the home moving process. For example, the vendor, property agent and sometimes a lender. Choosing a lawyer for your conveyancing in Botany Bay should not be taken lightly as your conveyancer is your adviser, and is the ONLY party in the transaction whose role it is to act in your legal interests and to protect you.
There is a definite ongoing adversarial element to conveyancing- someone has to be blamed for the process being so protracted. We recommend that you must always trust your conveyancer ahead of all other players when it comes to the legal transfer of property.
I am buying a right to buy a flat in Botany Bay. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Botany Bay you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Botany Bay.
Despite weeks of looking the Title Certificate and documents to my house can not be found. The lawyers who dealt with the conveyancing in Botany Bay 5 years ago no longer exist. What do I do?
Gone are the days when you need to have the physical original deeds to evidence that you own the land or premises, given that the Land Registry hold details of all registered land or property electronically.
I opted to have a survey completed on a house in Botany Bay ahead of retaining lawyers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some banks will refuse to issue a loan on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. Should you wish to call us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Botany Bay. Conveyancing may be slightly more expensive based on your lender's requirements.
There are only 68 years remaining on my lease in Botany Bay. I now want to extend my lease but my freeholder is missing. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to prove that you have done all that could be expected to find the freeholder. On the whole a specialist would be helpful to conduct investigations and prepare a report to be accepted by the court as proof that the landlord can not be located. It is advisable to get professional help from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court covering Botany Bay.
We have reached the end of our tether in trying to purchase the freehold in Botany Bay. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to assess the price payable.
An example of a Freehold Enfranchisement case for a Botany Bay flat is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case affected 2 flats. The unexpired lease term was 70.31 years.
I am in the process of purchasing my 1st house in Botany Bay. Conveyancing lawyer already selected. The broker pointed out that a survey is not necessary as the property was only built twenty two years ago.
At the very least you should have a Home Buyer's Report. As the property was built over a decade ago the property will be without a warranty, so you would be well advised not to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could suffice. They will highlight any apparent issues and suggest additional investigation where appropriate. If there are any signs of material issues get a full Building Survey from the beginning.