Should commercial conveyancing searches reveal proposed roadworks that may impact a commercial site in Catford?
Its becoming the norm that commercial conveyancing solicitors in Catford will order a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Catford. 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 Catford.
For each commercial conveyancing transaction in Catford it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Catford commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not carried out for residential conveyancing in Catford.
Me and my brother have a renovated Victorian property in Catford. Conveyancing lawyer acted for me and Aldermore. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching property. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Catford and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the position with your conveyancing solicitor who carried out the work.
I opted to have a survey completed on a house in Catford in advance of appointing lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some banks will not give a mortgage on a flying freehold house.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Catford. Conveyancing will be smoother if you use a solicitor in Catford especially if they are familiar with such properties in Catford.
My husband and I are FTB’s - agreed a price, but the selling agent informed us that the vendor will only move forward if we instruct the agent's chosen lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a local solicitor used to conveyancing in Catford
We suspect that the seller is not behind this request. If they require ‘a quick sale', taking such a hostile approach to a genuine purchaser is counter productive. Try to communicate with the sellers directly and explain that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you intend to instruct your preferred Catford conveyancing firm - not the ones that will give their estate agent a referral fee or hit his conveyancing targets pre-set by head office.
My wife and I purchased a leasehold flat in Catford. Conveyancing and Yorkshire Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Catford who previously acted has now retired. What should I do?
First make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to incur the fees of a Catford conveyancing firm to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I have had difficulty in trying to reach an agreement for a lease extension in Catford. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to calculate the price.
An example of a Freehold Enfranchisement decision for a Catford property is 44 Elmer Road in January 2013. The Tribunal dacied that amount to be paid by the Leaseholders for the Landlords freehold reversion was £12,951 as at the valuation date (20" September 2012).This matter was referred back to the Bromley County Court to deal with costs, fees and any other outstanding matters. This case affected 2 flats. The number of years remaining on the existing lease(s) was 74.25 years.
We have instructed a Catford conveyancing solicitor for our house purchase (novice purchasers) and have picked up in the Ts and Cs that they are not covered by the FCA. Am I right to be concerned or is that standard with conveyancing practitioner?
We can't see why they should be. Most lawyer don't lend money. They should be governed by the Solicitors Regulation Authority, who have stringent rules regulating monies sitting by them.