I can't travel far from Fulwell. Is there a reason why all Fulwell property lawyers aren't included on all lender panels?
Mortgage companies point to the fact that solicitor-led fraud is considered to be responsible for millions of pounds of fraud annually.The dismissal of law firms off of lender panels started with the rise in mortgage fraud, which prompted a thematic review by the FSA in 2011. Its conclusions included recommendations for lenders to review their conveyancing panels, which triggered a major policy change in the sector. It led to lenders removing a number of firms off their books of approved conveyancing practitioners .
A friend advised me that if I am purchasing in Fulwell I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard Fulwell conveyancing searches. It is not a small report of about 40 pages, listing and detailing significant information about Fulwell around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Fulwell Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Fulwell Education with plans and statistics, Local Amenities and other useful information about Fulwell.
It has been three months following my purchase conveyancing in Fulwell took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. 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 property 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.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a simple, no chain conveyancing. Fulwell is where the house is located. Is there any advice you can impart?
Flying freeholds in Fulwell are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Fulwell you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fulwell 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 premises.
I am tempted by the attractive purchase price for a couple of flats in Fulwell both have approximately 50 years left on the leases. Do I need to be concerned?
There are plenty of short leases in Fulwell. The lease is a legal document that entitles you to use the property for a period of time. As the lease shortens the saleability of the lease deteriorates and results in it becoming more costly to acquire a lease extension. This is why it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We advise that you seek professional help from a conveyancer and surveyor with experience in this arena.
I am the leaseholder of a garden flat in Fulwell. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
You certainly can. We can put you in touch with a Fulwell conveyancing firm who can help.
An example of a Lease Extension case for a Fulwell residence is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case was in relation to 1 flat. The unexpired lease term was 60.45 years.
Been looking for a lawyer for leasehold sale conveyancing in Fulwell. We are selling, simple no mortgage to redeem, no rush, no onward purchase. Got a quote from a solicitor for £1000 excluding VAT which is a tad expensive considering its so straightforward. Can I pay less for conveyancing in Fulwell?
Given that it’s a sale only, £450 + VAT is likely to be about the best for sale conveyancing in Fulwell.