I am acquiring an apartment in Collier Row. My Conveyancer is not on the mortgage company conveyancing list. Is it possible for me to appoint my Collier Row conveyancing solicitor notwithstanding that they are excluded from the lender list of approved lawyers?
Your options include
- Carry on with your chosen Collier Row conveyancing practitioner but your bank will no doubt appoint a conveyancer from their approved list. The net result is additional fees together with probable delay.
- Choose a new solicitor to conduct the conveyancing, making sure they are on the lender conveyancing panel.
- Appeal to your conveyancing practitioner to seek to join the mortgage company panel
My brother and I have recently bought a house in Collier Row. We have noticed several issues with the house which we believe were overlooked in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that needed to have been ordered for conveyancing in Collier Row?
The question is not clear as what problems have arisen and if they are unique to conveyancing in Collier Row. Conveyancing searches and investigations undertaken as part of the legal transfer of property are carried out to help avoid problems. As part of the process, a seller fills in a form called a Seller’s Property Information Form. answers ends up being misleading, you may have a misrepresentation 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 Collier Row.
Why is leasehold purchase conveyancing in Collier Row costs more?
The conveyancing costs for a leasehold property in Collier Row is frequently more expensive when contrasted to a freehold transaction. This is due to the additional investigations required in liaising with the freeholder and managing agents to obtain information about whether the rent and service fee have been paid and whether there are any major works due in the near future on repairs or maintenance of the block.
Are there restrictive covenants that are commonly identified as part of conveyancing in Collier Row?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Collier Row. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am on look out for some leasehold conveyancing in Collier Row. Before I get started I require certainty as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and most are in Collier Row - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the registered owner of a first flat in Collier Row. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?
if there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the premium.
An example of a Lease Extension matter before the tribunal for a Collier Row property is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case affected 1 flat. The unexpired term was 57.5 years.
Are all Collier Row solicitors on every lender conveyancing panel?
You can use our search tool or you can go into your high street lender branch in Collier Row. Chances are that they will know some good conveyancing solicitors in Collier Row