My wife and I have just bought a property in Old Woking. We have noticed several issues with the property which we believe were overlooked in the conveyancing searches. Is there anything we can do? What searches should? have been ordered as part of conveyancing in Old Woking?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Old Woking. Conveyancing searches and due diligence undertaken as part of the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, a seller completes a form known as a SPIF. answers is incorrect, you may have a misrepresentation claim against the owner for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Old Woking.
Completed the sale of my flat in Old Woking last May but the buyer keeps texting daily to moan that her lawyer needs to hear from mine. What should my lawyer have done following completion?
Post completion of your sale your lawyer is obliged to forward the transfer documentation and all of the paperwork to the purchaser's conveyancer. Depending on the transaction, your solicitor must also send confirmation that the mortgage has been discharged to the buyers solicitors. There are no post completion requirements just for conveyancing in Old Woking.
Me and my brother own a renovated Victorian property in Old Woking. Conveyancing solicitor acted for me and Platform Home Loans Ltd. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Old Woking and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing practitioner who completed the work.
How does conveyancing in Old Woking differ for new build properties?
Most buyers of new build residence in Old Woking come to us having been asked by the seller to sign contracts and commit to the purchase even before the house is finished. This is because builders in Old Woking usually acquire the land, 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 accustomed to new build conveyancing in Old Woking or who has acted in the same development.
In what way does the Landlord & Tenant Act 1954 impact my business property in Old Woking and how can you help?
The 1954 Act provides protection to commercial leaseholders, granting the a statutory right to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refuse a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and help with commercial conveyancing in Old Woking
Planning to sign contracts shortly on a ground floor flat in Old Woking. Conveyancing solicitors inform me that they will have a report out to me tomorrow. What should I be looking out for?
Your report on title for your leasehold conveyancing in Old Woking should include some of the following:
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The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Repair and maintenance of the property Do you need to have carpet in the flat or are you allowed wood flooring? You need to be informed what constitutes a Nuisance as far as the lease is concerned Specifying your legal entitlements in respect of the communal areas in the building.E.G., does the lease grant a right of way over a path or hallways?
I own a ground floor flat in Old Woking, conveyancing was carried out in 1998. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Old Woking with an extended lease are worth £197,000. The ground rent is £55 yearly. The lease finishes on 21st October 2079
You have 54 years unexpired the likely cost is going to be between £32,300 and £37,400 plus professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.