It is is a decade since I acquired my house in New Cross. Conveyancing lawyers have recently been retained on the sale but I am unable to locate the title deeds. Is this a problem?
You need not be too concerned. Firstly there is a chance that the deeds will be with your lender or they may be in the possession of the solicitor who acted in the purchase. Secondly in most cases the property will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. The vast majority of conveyancing in New Cross relates to registered property but in the rare situation where your home is not registered it is more tricky but is not insurmountable.
Are the BSA intent on creating a searchable register to to identify firms on the Darlington Building Society conveyancing panel for example in New Cross?
We are not aware of any plans on the part of the BSA to promote such a search facility.
It has been five months following my purchase conveyancing in New Cross took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. 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.
I have been advised by a couple of local selling agents in New Cross to locate a conveyancer using your seach tool. Is there a financial upside for Estate Agents to promote your site over another?
We refuse to give any referral fee for pointing buyers and sellers to this site. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
Looking forward to sign contracts shortly on a leasehold property in New Cross. Conveyancing lawyers have said that they report fully on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in New Cross should include some of the following:
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You should know if the lease allows you to alter or upgrade aspects of the flat- you should know whether it relates to all alterations or just structural alteration, and whether permission is mandated necessary Whether the lease restricts you from letting out the flat, or working from home You should have a good understanding of the insurance obligations The total ownership of the premises. This could be the flat itself but may incorporate a roof space or storage are if appropriate.
I own a basement flat in New Cross. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
Absolutely. We can put you in touch with a New Cross conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a New Cross property is 41 Endwell Road in March 2013. this matter relateed to the acquisition of the freehold of a mid- terraced Victorian house converted into three separate self-contained dwellings. By an order dated 28/11/2012, Deputy District Judge Cole in the Bromley County Court held that the leaseholders were entitled to acquire the freehold and directed that the premium payable be determined by this Tribunal. The Tribunal assessed the premium to be £14,753 This case was in relation to 3 flats. The unexpired term as at the valuation date was 80.01 years.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the lender conveyancing panel. My lawyer has said that they are on the mortgage company approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the bank solicitor panel.