It is 10 years ago since I bought my property in Shoreditch. Conveyancing lawyers have just been appointed on the sale but I am unable to find the title documents. Will this cause complications?
You need not be too concerned. Firstly the deeds may be with the mortgage company or they could still be with the conveyancers who oversaw the purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in Shoreditch involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is resolvable.
Do commercial conveyancing searches disclose impending roadworks that may impact a commercial land in Shoreditch?
Many commercial conveyancing solicitors in Shoreditch will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Shoreditch. The search result sets out definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Shoreditch.
For each commercial conveyancing transaction in Shoreditch it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may cause delays to Shoreditch commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not carried out for domestic conveyancing in Shoreditch.
The deeds to my house are lost. The conveyancers who dealt with the conveyancing in Shoreditch 10 years ago no longer exist. What do I do?
You no longer need to hold title deeds to evidence that you are the owner of your registered land or property, given that the Land Registry hold details of all registered land or property electronically.
Due to the input of my in-laws I had a survey completed on a house in Shoreditch prior to retaining lawyers. I have been told that there is a flying freehold element to the house. Our surveyor advised that some lenders may refuse to give a mortgage on such a property.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Shoreditch. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Shoreditch to see if the conveyancing costs will increase in light of this.
I have been sourcing a conveyancing lawyer in Shoreditch for my home move. Is there any facility to review a firm’s record with the profession’s regulator?
Anyone may read presented Solicitor Regulator Association (SRA) decisions stemming from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. For records Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, use +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training purposes.
I am a negotiator for a reputable estate agency in Shoreditch where we have witnessed a few leasehold sales derailed as a result of short leases. I have been given inconsistent advice from local Shoreditch conveyancing firms. Could you clarify whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
An alternative approach is 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 purchaser.
Following years of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Shoreditch. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most certainly. We are happy to put you in touch with a Shoreditch conveyancing firm who can help.
An example of a Lease Extension decision for a Shoreditch premises is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The unexpired term was 72.39 years.