Will my solicitor be raising questions concerning flooding as part of the conveyancing in Crouch End.
The risk of flooding is if increasing concern for solicitors dealing with homes in Crouch End. Some people will acquire a property in Crouch End, completely aware that at some time, it may be flooded. However, aside from the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Conveyancers are not best placed to offer advice on flood risk, but there are a numerous checks that can be carried out by the purchaser or by their conveyancers which should give them a better understanding of the risks in Crouch End. The standard information sent to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the vendor to determine whether the premises has suffered from flooding. In the event that flooding has previously occurred which is not revealed by the owner, then a purchaser may bring a claim for damages as a result of such an incorrect response. The purchaser’s lawyers may also order an enviro report. This should reveal whether there is a recorded flood risk. If so, further investigations should be conducted.
I have recentlydiscovered that Action Conveyancing have been shut down. They conducted my conveyancing in Crouch End for a purchase of a freehold house 12 months ago. How can I check that my home is in my name in the name of the former proprietor?
The easiest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Crouch End conveyancing specialists.
I am looking for a flat up to £235,500 and identified one round the corner in Crouch End I like with open areas and station in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Crouch End for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage the shortness of the lease may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can ask them to commence the lease extension formalities 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 concerning this.
I am selling my property. My past conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Crouch End if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Crouch End. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I've recently bought a leasehold house in Crouch End. Am I liable to pay service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the leaseholder of a ground-floor 1960’s flat in Crouch End. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium due for a lease extension?
in cases where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to decide the amount due.
An example of a Lease Extension decision for a Crouch End property is Flat 2A 19 Shepherds Hill in June 2014. The tribunal concluded in accordance with section 48 and schedule 13 of the Leasehold Reform,Housing and Urban Development Act (the 1993 Act) that the premium payable in respect of the grant of a new lease for the Flat be £24,303 (twenty four thousand three hundred and three pounds) This case was in relation to 1 flat. The unexpired term was 67.85 years.
My aunt purchased her house in Crouch End in 2006. She has been married, divorced and in recent months got married again. She now wants to the sell the Crouch End property. I suspect that she will simply be asked to provide a copy of the marriage papers to the conveyancer however she is worried it could hold up the conveyancing. Should she instruct a solicitor to update the land title information for the property?
It is not absolutely necessary to update the title for the property on the basis that you have the evidence needed to demonstrate how the name change resulted.
The buyer’s lawyer will examine the registered information and request evidence to establish the name change for example marriage certificates.