I am hoping to complete my purchase in South East London next Tuesday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the bank. What risks does the bank expect the insurance to cover?
All property lawyers on acting for banks would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s UK Finance Lenders’ Handbook instructions. These obligations are not limited to conveyancing in South East London.
It is is a decade since I purchased my house in South East London. Conveyancing solicitors have just been instructed on the sale but I can't track down the title deeds. Will this cause complications?
You need not be too concerned. First the deeds may be with your lender or they could be in the possession of the conveyancers who handled the purchase. Secondly in all probability the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Nearly all conveyancing in South East London relates to registered property but in the unlikely event that your property is unregistered it adds to the complexity but is resolvable.
I have been told that property searches are a common cause of obstruction in South East London conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Searches are not likely to be the root cause of delay in conveyancing in South East London.
I have recentlyfound out that Arc property Solicitors have closed. They carried out my conveyancing in South East London for a purchase of a leasehold apartment 9 months ago. How can I be sure that the property is registered correctly in the name of the former proprietor?
The easiest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of South East London conveyancing specialists.
In scouring the world wide web for the words on line conveyancing in South East London it brings up many solicitorslocally. How do I determine which is the right property lawyer for the sale of my house?
The preferential way of seeking the right conveyancer is via trusted recommendation, so ask friends and relatives who have bought a property in South East London or a respected estate agent or mortgage broker. Charges for conveyancing in South East London vary, so it's a good idea to request a minimum of three fee calculations from different solicitors. Be sure to seek confirmation that the fees are fixed.
Having had my offer accepted I require leasehold conveyancing in South East London. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and 99.9% are in South East London - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Following years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in South East London. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We can put you in touch with a South East London conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a South East London residence is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case related to 1 flat. The unexpired residue of the current lease was 73.26 years.