Do I need to pay for insurance to address the risk of chancel repairs when buying a residence in East Croydon?
Unless a previous acquisition of the premises completed after 12 October 2013 you could assume that lawyers delivering conveyancing in East Croydon to remain recommending a chancel search and or chancel repair liability policy.
It has been three months following my purchase conveyancing in East Croydon completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in East Croydon differ for new build properties?
Most buyers of new build or newly converted property in East Croydon contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is constructed. This is because house builders in East Croydon usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in East Croydon or who has acted in the same development.
Is it possible to change solicitor as I need to select one who is on the Skipton Building Society conveyancing panel. I instructed a family conveyancing solicitor in East Croydon round the corner but he is not approved by Skipton Building Society
We will our best to assist in finding you a conveyancing solicitor in East Croydon on the Skipton Building Society panel. Please note that the solicitors that we work with do not pay us a referral fee if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in East Croydon. Using search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in East Croydon.
I only have 72 years remaining on my flat in East Croydon. I now want to get lease extension but my landlord is can not be found. What options are available to me?
On the basis that you qualify, 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 mean that your lease can be extended by the Court. You will be obliged to prove that you or your lawyers have used your best endeavours to track down the freeholder. In some cases an enquiry agent should be useful to carry out a search and to produce an expert document to be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing East Croydon.
We have reached the end of our tether in trying to purchase the freehold in East Croydon. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a East Croydon conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a East Croydon residence is 29 Woodstock Road in April 2014. the Tribunal determined that the premiums to be paid into court in respect of the purchase of the freehold registered at HMLR under Title N0.SY3997 should be £7,217. This case affected 4 flats. The unexpired lease term was 98 years.
Our conveyancer in East Croydon has identified a a legal deficiency with the lease for the property we are purchasing in East Croydon. The other side have offered defective title insurance as a solution. We are content with insurance and will cover the costs. Our solicitor says that as he is on the mortgage company conveyancing panel he must check that the lender is happy with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. A precondition to being on the lender approved panel is to comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects will the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.