Last January we completed a house move in Colliers Wood. We have noticed several problems with the property which we consider were overlooked in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that needed to have been carried out as part of conveyancing in Colliers Wood?
The query is not clear as to the nature of the problems and if they are relate to conveyancing in Colliers Wood. Conveyancing searches and investigations initiated during the legal transfer of property are designed to help avoid problems. As part of the process, a property owner answers a document known as a SPIF. If the information proves to be incorrect, you may have a misrepresentation claim against the seller 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 Colliers Wood.
Is there a reason why leasehold purchase conveyancing in Colliers Wood costs more?
Colliers Wood leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am buying a new build apartment in Colliers Wood. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Colliers Wood
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There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I have been on the look out for a leasehold apartment up to £245,000 and identified one near me in Colliers Wood I like with open areas and railway links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in Colliers Wood in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
In scouring the internet for the phrase cheap conveyancing in Colliers Wood it shows results of many property lawyersin the area. How do I determine which is the right conveyancer for the sale of my house?
The best method of finding a suitable conveyancer is through a trusted testimonial, so enquire of colleagues and relatives who have bought a property in Colliers Wood or the respected estate agent or financial adviser. Charges for conveyancing in Colliers Wood differ, so it's advisable to obtain at least four costs illustrations from varying types of law firms. Be sure to seek confirmation that the fees are fixed.
To what extent are Colliers Wood conveyancing solicitors duty bound by the Law Society to supply clear conveyancing figures?
Inbuilt into the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be interpreted as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s perspective of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in Colliers Wood or or elsewhere in the country.