I require conveyancing for a flat in a relatively new development (6 years built) in Dulwich. 95% of the flats have already been disposed of. Is it really necessary to order conveyancing searches for my conveyancing in Dulwich?
A big part of the Dulwich conveyancing process is the conveyancing searches. There are hundreds search providers who offer Dulwich conveyancing searches, as well direct from the local authority. These are generally termed personal search organisation due to them carrying out, personal searches. However, all Local Authority Search conveyancing products have one thing in common - they must secure their information from the local authority.
We note that you have a post code search directory listing solicitors on the Aldermore conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Dulwich?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Dulwich.
A friend recommended that where I am buying in Dulwich I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally included in the estimate for your Dulwich conveyancing searches. It is not a small report of about 40 pages, listing and setting out significant information about Dulwich around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Dulwich Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful data concerning Dulwich.
Over the last few months I have been searching for a flat up to £245,000 and identified one near me in Dulwich I like with open areas and transport links nearby, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Dulwich in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you require a mortgage the remaining unexpired lease term will be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
Back In 2000, I bought a leasehold house in Dulwich. Conveyancing and Virgin Money mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Dulwich who acted for me is not around. Do I pay?
The first thing you should do is contact the Land Registry to be sure that this person is indeed the new freeholder. There is no need to instruct a Dulwich conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I am the registered owner of a two-bedroom flat in Dulwich. 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?
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 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the premium.
An example of a Lease Extension decision for a Dulwich property is 60 Taymount Grange Taymount Rise in June 2012. The Tribunal determined the premium at £13,346 for a lease extension of a further 90 years This case was in relation to 1 flat. The unexpired term as at the valuation date was 64 years.
I have miscalculated my finances and am a couple of grand short a 10% deposit on my house purchase in Dulwich , but I still want to go ahead. What can I do?
One option is to try and accept a lower deposit. Most sellers will accept a smaller deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute