Can you explain why leasehold purchase conveyancing in Woolwich is more expensive?
The conveyancing charges for a leasehold property in Woolwich is inevitably higher than on a freehold property. This is because there is an amount of additional investigations necessary in liaising with the landlord and management company to collate the information concerning whether the rent and service charges have been paid and whether there are any major works due in the near future on repairs or maintenance of the block.
We wanted to use a property lawyer in Woolwich for our house move. Our financial adviser has since notified us that our mortgage lenders Barclays Direct won't deal with them. Surely this is unfair competition?
Pre- 2008 most banks had an appetite for risk which was higher than today. Almost all Woolwich conveyancing firms would have been on most bank panels. The Financial Services Authority in 2010 carried out a thematic investigation into mortgage fraud which come to the conclusion: know the conveyancing solicitors dealt with. Consequently, mortgage companies are increasingly seeing more data from law firms relating to their operations and their employees as well as establishing certain criteria such a completing on a minimum volume of transactions. Many Woolwich conveyancing firms that have been excluded from lender panels have Unblemished track record, no complaints and no claims and didn't just 'dabble' in conveyancing. Woolwich is amongst the numerous locations where the lawyers showing on our search results are are authorised to act for Barclays Direct.
I am buying a house and the conveyancer has referenced Chancel Repair for which the house may be liable as it falls into the area of such a church. He has recommended insurance. Is this strictly appropriate for conveyancing in Woolwich
Unless a prior acquisition of the premises took place after 12 October 2013 you could take it that lawyers handling conveyancing in Woolwich to remain recommending a chancel search and or chancel repair liability policy.
Despite weeks of looking the Title Certificate and documents to our house are lost. The lawyers who handled the conveyancing in Woolwich 4 years ago have long since closed. What do I do?
These day there are copies made of almost everything, and your conveyancer will be aware precisely where to look for all the suitable documentation so you may buy or sell your house without any difficulty. Where duplicates are not available, your solicitor may be able to arrange cover in the form of insurance or indemnities against possible claims on the property.
I am four weeks into a residential purchase having been referred to solicitors by the local agent to execute conveyancing in Woolwich. I am not happy. Could you you assist me in finding new conveyancers?
They would have to be very poor to suggest changing them. Has your loan offer been generated? In the event that it has you must advise them of the replacement solicitor and ensure the loan are issued to the new lawyers. The conveyancer should be on the mortgage company approved list to avoid escalating expenses and delays. That should be your first question of the new lawyers. Our search tool should assist you in finding a lender approved solicitor for your home move in Woolwich
My wife and I purchased a leasehold house in Woolwich. Conveyancing and Aldermore mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Woolwich who acted for me is not around. What should I do?
First make enquiries of HMLR to be sure that this person is in fact the new freeholder. There is no need to instruct a Woolwich conveyancing firm to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I inherited a basement flat in Woolwich. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
in cases where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to make a decision on the premium.
An example of a Lease Extension decision for a Woolwich premises is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case was in relation to 1 flat. The remaining number of years on the lease was 69.77 years.