It is a dozen years since I bought my property in Copse Hill. Conveyancing solicitors have now been appointed on the sale but I am unable to find the title deeds. Will this jeopardise the sale?
Don’t worry too much. Firstly the deeds may be with your lender or they could stored with the solicitor who acted in the purchase. Secondly in most cases the title will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. Most conveyancing in Copse Hill relates to registered property but in the rare situation where your property is not registered it is more problematic but is not insurmountable.
Our bank has suggested a law firm on their panel based in Copse Hill but I would rather use a conveyancing lawyer in Copse Hill local to me. Are you able to assist?
The minority of Copse Hill conveyancing practices are listed all banks conveyancing panel. Use the above search tool to identify a Copse Hill conveyancing firm on the on the bank panel.
Should my lawyer be making enquiries regarding flooding as part of the conveyancing in Copse Hill.
The risk of flooding is if increasing concern for lawyers dealing with homes in Copse Hill. There are those who purchase a property in Copse Hill, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not qualified to impart advice on flood risk, however there are a various searches that can be carried out by the purchaser or by their solicitors which will figure out the risks in Copse Hill. The conventional set of completed inquiry forms sent to a purchaser’s lawyer (where the Conveyancing Protocol is adopted) includes a usual question of the owner to find out if the property has suffered from flooding. In the event that flooding has previously occurred which is not revealed by the owner, then a buyer could issue a legal claim for losses resulting from an incorrect response. The purchaser’s conveyancers will also carry out an environmental search. This should reveal whether there is a recorded flood risk. If so, more detailed inquiries will need to be carried out.
About to purchase a new build flat in Copse Hill. 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 is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Copse Hill
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Please confirm the Lease plans are architect prepared. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one close by in Copse Hill I like with open areas and station in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in Copse Hill suitable, so just wondered if I would be making a mistake purchasing a short lease?
Should you require a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this.
I only have Fifty years remaining on my flat in Copse Hill. I need to extend my lease but my landlord is can not be found. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. However, you will be required to prove that you or your lawyers have used your best endeavours to find the lessor. For most situations an enquiry agent would be helpful to conduct investigations and to produce an expert document to be accepted by the court as evidence that the freeholder is indeed missing. It is wise to seek advice from a property lawyer both on proving the landlord’s absence and the application to the County Court overseeing Copse Hill.
I own a a ground floor purpose built flat in Copse Hill. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the amount payable for the purchase of the freehold?
Where there is a missing freeholder or if there is dispute 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 LVT to calculate the sum to be paid.
An example of a Lease Extension decision for a Copse Hill residence is 83 Balvernie Grove in February 2012. The Tribunal assessed the price to be paid by the leaseholder to the freeholder for the lease extension pursuant to section 48 of the Leasehold Reform Housing & Urban Development Act 1993 should be£16,603.00 This case related to 1 flat. The unexpired term as at the valuation date was 69.32 years.