It is is a decade since I bought my home in Rotherhithe. Conveyancing lawyers have now been retained on the sale but I can't track down the title deeds. Will this cause complications?
Don’t worry too much. First there is a possibility that the deeds will be retained by your lender or they may still be with the conveyancers who acted in the purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring up to date copy of the land registers. Almost all conveyancing in Rotherhithe relates to registered property but in the unlikely event that your home is unregistered it is more of a problem but is resolvable.
We wanted to use a conveyancing solicitor in Rotherhithe for our home move. Our broker informed us that our mortgage company HSBC Bank won't deal with them. Surely this is unfair competition?
A mortgage company may insist on an approved conveyancer act for it. Borrowers are expected to meet the charges for this. Try using our database to find a solicitor to carry conveyancing in Rotherhithe on the HSBC Bank conveyancing panel.
What can a local search inform me concerning the property my wife and I purchasing in Rotherhithe?
Rotherhithe conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for example Xpress Legal The local search plays a central part in most Rotherhithe conveyancing purchase; as long as you don’t want any unpleasant surprises after you move into your property. The search should provide data 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 13 subject areas.
I was recommended by a number of selling agents in Rotherhithe to find a solicitor on your site. What’s the financial inducement for Estate Agents to promote your site over and above alternative conveyancing organisations?
We don’t offer any financial incentive for directing people our way. We thought it would be too underhand a fee as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
My husband and I are four weeks into a leasehold purchase having been referred to solicitors by the estate agent to handle our conveyancing in Rotherhithe. I am am very disappointed with the level of service. Could you you assist me in finding new conveyancers?
They would have to be very bad in order to consider replacing them. Has the mortgage offer been issued? In the event that it has you must inform them of the new conveyancer and have the offer are re-sent. Your conveyancer needs to be on the mortgage company panel to avoid escalating costs and frustration. That should be your first question of the new lawyers. Our find a solicitor tool can assist you in finding a lender approved conveyancer for your home move in Rotherhithe
I am employed by a long established estate agency in Rotherhithe where we see a number of flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Rotherhithe conveyancing firms. Could you shed some light as to whether the owner of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I have given up trying to purchase the freehold in Rotherhithe. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We can put you in touch with a Rotherhithe conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Rotherhithe property is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case affected 3 flats. The unexpired residue of the current lease was 101.61 years.