Should our solicitor be raising enquiries about flooding during the conveyancing in Cockfosters.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Cockfosters. There are those who buy a property in Cockfosters, completely expectant that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate insurance cover, or sell the premises. There are steps that can be taken during the course of a house purchase to forewarn the purchaser.
Lawyers are not best placed to impart advice on flood risk, but there are a number of searches that may be carried out by the purchaser or by their lawyers which can give them a better appreciation of the risks in Cockfosters. The conventional set of information sent to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a usual question of the seller to determine if the property has ever been flooded. In the event that the property has been flooded in past and is not disclosed by the vendor, then a buyer could commence a legal claim for losses stemming from an misleading answer. The buyer’s solicitors should also commission an environmental report. This should disclose whether there is any known flood risk. If so, more detailed inquiries will need to be conducted.
Just bought a terraced house in Cockfosters , how long will it take for the Land Registry to deal with the formalities evidencing my proprietorship? My Cockfosters conveyancing solicitor has been very slow, so I want to be certain that my purchase is registered.
As far as conveyancing in Cockfosters is concerned, registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can vary depending on the party submitting the application, whether it is in order and whether the Land registry must send notices to any third parties. Currently approximately three quarters of submission are fully addressed within two weeks but some can be subject to longer delays. Registration is effected after the buyer has moved in to the premises therefore post completion formalities is not always primary concern yet if it is urgent that the the registration takes place urgently then you or your lawyers can speak with the land registry and explain the circumstances.
Due to the encouragement of my in-laws I had a survey completed on a house in Cockfosters prior to instructing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some lenders may not issue a mortgage on this type of home.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you contact us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Cockfosters. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Cockfosters to see if the conveyancing will be more expensive.
As co-executor for the will of my grandmother I am selling a property in Newport but I am based in Cockfosters. My solicitor (based 200 kilometers awayrequires that I sign a statutory declaration before completion. Can you recommend a conveyancing lawyer in Cockfosters who can witness this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are located in Cockfosters
Looking forward to sign contracts shortly on a studio apartment in Cockfosters. Conveyancing lawyers inform me that they are sending me a report next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Cockfosters should include some of the following:
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Whether your lease caters for for a sinking account for major repairs? Repair and maintenance of the property You must be informed what is to be regarded as a Nuisance in the lease Do you need to have carpet in the flat or are you allowed wood flooring? Defining your rights in relation to common areas in the block.For example, does the lease grant a right of way over a path or hallways?
Following years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Cockfosters. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the LVT to arrive at the price.
An example of a Freehold Enfranchisement case for a Cockfosters flat is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case was in relation to 2 flats. The remaining number of years on the lease was 70.31 years.
Am in the process of buying my first house in Cockfosters. Conveyancing lawyer has been chosen. The broker advised that a survey is not necessary as the house is only 20 yrs old.
You would be well advised to commission a Home Buyer's Report. As the premises is over 10 years old the property will not benefit from a warranty, so you would be well advised not to take a risk. For a property that age with no signs of problems a Home Buyer's report could be sufficient. The report should highlight any apparent issues and suggest additional investigation if appropriate. Where there are any signs of problems obtain a comprehensive structural survey.