Willinstructing a Greenwich conveyancing firm make the ownership transfer smoother?
On the whole conveyancing solicitors in your area will have good connections with your local authority, which can help with the Greenwich conveyancing searches that your conveyancer will require. It also helps if they have good rapport with the Land Registry overseeing your area Greenwich, other lawyers in the location and Greenwich Estate Agents.
The Greenwich conveyancing firm handling our Greenwich conveyancing has discovered a difference between the surveyor’s assumptions in the home valuation survey and what is in the title deeds. My solicitor informs me that he needs to ensure that the bank is OK with this discrepancy and is content to go ahead. Is my lawyer’s stance legitimate?
Your solicitor must comply with the UK Finance Lenders’ Handbook conditions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. 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.
The deeds to our property are lost. The conveyancers who handled the conveyancing in Greenwich 5 years ago no longer exist. What are my options?
You no longer need to hold title official documentation to establish that you own the land or premises, as the Land Registry hold details of all registered land or property electronically.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Greenwich is where the house is located. Can you offer any opinion?
Flying freeholds in Greenwich are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Greenwich you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Greenwich 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 Greenwich cover?
Commercial conveyancing in Greenwich incorporates a broad array of guidance, provided by regulated solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, 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 tenancies.
We are in the middle of buying a property in Greenwich. Conveyancing lawyer has phoned to say the title is "Leasehold". Should this adversely affect the marketability of the house?
Greenwich conveyancing does not in most situations involve leasehold houses. The key consideration here is the length of lease and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's virtually freehold, so it shouldn't impact the marketability too much.
On the flip side, if it's, say, 50 years it is bound to have a adverse impact on the value, and probably wouldn't be acceptable to the mortgage company. The remaining lease term and ground rent will be specified in the lease to be supplied to your conveyancing practitioner.