We are buying our first house. Our conveyancer has texted usto ask if we would like to take out supplemental conveyancing searches. As novices we are clueless as to what's needed for conveyancing in East Dulwich
The range of East Dulwich conveyancing searches depends primarily on the premises, the location, the probability of any of these risks, your familiarity of the area and risks, your overall appetite to risk. What is important is that you adequately appreciate what information each search could give you. Then you can make a decision if you consider that you need that search. Should you be unclear, ask your solicitor to advise.
Are there restrictive covenants that are commonly identified as part of conveyancing in East Dulwich?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in East Dulwich. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently found out that there is a flying freehold element on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. East Dulwich is the location of the property. What do you suggest?
Flying freeholds in East Dulwich are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside East Dulwich you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in East Dulwich may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What does commercial conveyancing in East Dulwich cover?
East Dulwich conveyancing for business premises covers a wide range of guidance, supplied by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
Estate agents have just been given the go-ahead to market my ground floor apartment in East Dulwich. Conveyancing solicitors are to be appointed soon, but I have recently had a yearly service charge invoice – what should I do?
It best that you pay the invoice as normal as all rents and maintenance payments will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Having spent months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in East Dulwich. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to judgment on the price payable.
An example of a Lease Extension matter before the tribunal for a East Dulwich residence is Flat 1 40-42 Ewelme Road in August 2012. the Tribunal assessed the premium for the lease extension in the sum of £11,800 This case was in relation to 1 flat. The unexpired term as at the valuation date was 61.81 years.
When it comes to my conveyancing in East Dulwich should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some East Dulwich conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.