It is a dozen years since I acquired my home in Hither Green. Conveyancing lawyers have now been retained on the sale but I am unable to track down the title documents. Is this a problem?
Don’t worry too much. Firstly the deeds may be kept by the lender or they could still be with the solicitor who oversaw your purchase. Secondly the chances are that the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining current official copies of the land registers. Almost all conveyancing in Hither Green involves registered property but in the unlikely event that your property is unregistered it is more problematic but is resolvable.
What will a local search reveal concerning the house we're buying in Hither Green?
Hither Green conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations for instance PSG The local search plays an important part in most Hither Green conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your new home. The search should supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject areas.
It has been 3 months since my purchase conveyancing in Hither Green concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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 Hither Green differ for new build properties?
Most buyers of new build property in Hither Green contact us having been asked by the builder to sign contracts and commit to the purchase even before the property is completed. This is because developers in Hither Green usually purchase 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 used to new build conveyancing in Hither Green or who has acted in the same development.
Should I instruct a Hither Green conveyancing practitioner in close proximity to the house I am hoping to buy? I have an old university friend who can perform the legal formalities but her office is a couple of hundredmiles away.
The primary upside of using a local Hither Green conveyancing firm is that you can drop in to execute paperwork, hand in your ID and apply pressure on them if necessary. Having local Hither Green know how is a bonus. However it's more important to get someone that will do a good and efficient job. If you know people who instructed your friend and in the main were content that should trump using an unknown Hither Green conveyancing solicitor solely due to them being round the corner.
I am tempted by the attractive purchase price for a couple of apartments in Hither Green which have in the region of fifty years remaining on the leases. Do I need to be concerned?
There are plenty of short leases in Hither Green. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease deteriorates and it becomes more costly to extend the lease. For this reason it is generally wise to increase the term of the lease. More often than not it is difficult to sell a property 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 recommend you get professional assistance from a solicitor and surveyor with experience in this arena.
Having spent years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Hither Green. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a absentee freeholder or if 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 judgment on the amount due.
An example of a Freehold Enfranchisement case for a Hither Green flat is 18 Handen Road in April 2013. On 26 October 2012 District Judge Zimmels sitting at the Lambeth County Court made a Vesting Order that the Applicants be granted the right to acquire the freehold upon such terms and at such price determined by the LVT. The Tribunal arrived a figure of £39,535 as a valuation for the enfranchisement. This case was in relation to 3 flats. The unexpired term was 69.05 years.