In the event thatI were to buy a simple residential housein New Addington for cash and dispense with a survey and no local authority searches how much would I expect to have to pay for conveyancing in New Addington?
Any savings you would make will be limited to the New Addington conveyancing searches. The lawyer still be obliged to do everything else - money laundering, correspond with your sellers conveyancer, SDLT return, register the ownership etc. A slight saving might be made by not having to register a charge but it won't be meaningful.
We are purchasing a property and need a conveyancing solicitor in New Addington who is on the Virgin Money conveyancing panel. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Virgin Money . We don't recommend any particular firms conducting conveyancing in New Addington.
I am intent on selling our house in New Addington and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street New Addington lawyer would know this is not the case. It does beg the question why the purchasers used a nationwide conveyancing practice as opposed to a conveyancing solicitor in New Addington. We have lived in New Addington for 4 years we know that this is a non issue. Do we contact our local Authority to obtain confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
It has been four months following my purchase conveyancing in New Addington concluded. I have checked the Land Registry site which shows that I paid £175,000 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 asset 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.
Over the last few months I have been searching for a ground for flat up to £305k and identified one near me in New Addington I like with a park and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in New Addington for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I have recently realised that I have Fifty years unexpired on my flat in New Addington. I now wish to get lease extension but my landlord is can not be found. What options are available to me?
If 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. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to locate the landlord. For most situations an enquiry agent should be useful to carry out a search and prepare a report which can be accepted by the court as proof that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer in relation to devolving into the landlord’s absence and the application to the County Court covering New Addington.
After months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in New Addington. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a New Addington conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a New Addington residence is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case affected 6 flats. The unexpired term as at the valuation date was 78.32 years.