My fiancee and I are acquiring our first property. Our conveyancing practitioner has texted usto enquire if we want to purchase additional conveyancing searches. We are really unsure what's relevant for conveyancing in Tadworth
The number and type of Tadworth conveyancing searches should be dictated primarily on the property, the location, the likelihood of any of these risks, your knowledge of the area and risks, your overall attitude to risk. What matters is that you properly appreciate what information each search could give you. You may then decide if you consider that you need that search. Should you be unsure, ask your lawyer to guide you.
I am the registered owner of a freehold house in Tadworth but still invoiced for rent, why is this and what is this?
It is rare for properties in Tadworth and has limited impact for conveyancing in Tadworth but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
My wife and I have recently appointed a conveyancing solicitor in Tadworth. I I would like to check whether they are on the TSB approved list of lawyers. Can you help?
You should contact your conveyancer and ask them if they can act for the bank. Alternatively please get in touch with TSB who may be able to assist.
I completed on my home on 13 August and my personal details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Tadworth said it would be concluded inside ten days. Are titles in Tadworth particularly slow to register?
As far as conveyancing in Tadworth is concerned, registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can vary subject to who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd persons or bodies. As of today approximately three quarters of submission are fully dealt with within 12 days but occasionally there can be protracted hold-ups. Registration takes place after the new owner has moved in to the property thus an expedited registration is not usually an essential issue yet if there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Tadworth differ for newly converted properties?
Most buyers of new build premises in Tadworth approach us having been asked by the seller to sign contracts and commit to the purchase even before the premises is finished. This is because builders in Tadworth tend to acquire the site, 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 property lawyers 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 Tadworth or who has acted in the same development.
I only have Fifty years remaining on my flat in Tadworth. I am keen to extend my lease but my freeholder is absent. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to prove that you or your lawyers have done all that could be expected to locate the landlord. On the whole a specialist should be useful to try and locate and prepare a report which can be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a property lawyer in relation to devolving into the landlord’s absence and the vesting order request to the County Court overseeing Tadworth.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Tadworth conveyancing firm to act on my behalf?
Most certainly. We can put you in touch with a Tadworth conveyancing firm who can help.
An example of a Lease Extension decision for a Tadworth residence is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case related to 1 flat. The unexpired residue of the current lease was 60.43 years.