The Wormwood Scrubs conveyancing firm handling our Wormwood Scrubs conveyancing has uncovered a difference when comparing the surveyor’s assumptions in the valuation report and what is in the conveyancing documents. My solicitor has advised that he is obliged to check that the lender is OK with this discrepancy and is content to go ahead. Is my solicitor’s stance appropriate?
Your lawyer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Wormwood Scrubs is where the house is located. Can you shed any light on this issue?
Flying freeholds in Wormwood Scrubs are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Wormwood Scrubs you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Wormwood Scrubs may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How can the Landlord & Tenant Act 1954 impact my business offices in Wormwood Scrubs and how can your lawyers assist?
The particular law that you refer to provides protection to commercial leaseholders, giving them the a statutory right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Wormwood Scrubs
I need to find a conveyancing solicitor for freehold conveyancing in Wormwood Scrubs. I've chance upon a web site which seems to have the ideal offering If there is a chance to get all the legals completed via web that would be ideal. Do I need to be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I’m about to sell my garden apartment in Wormwood Scrubs. Conveyancing solicitors are to be appointed soon, but I have recently had a yearly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should clear the service charge as normal because all ground rent and maintenance invoices should be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
We have reached the end of our tether in trying to purchase the freehold in Wormwood Scrubs. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to calculate the price.
An example of a Freehold Enfranchisement decision for a Wormwood Scrubs flat is 23 & 23A Collingbourne Road in June 2013. Tribunal was dealing with the assessment of the value of the freehold reversion and determination of the terms of the acquisition pursuant to an Order of District Judge Lightman dated 25 February 2013 vesting the freehold interest in the property in the applicant. The tribunal assessed the price of the freehold (to which any arrears or other sums due to the missing landlord under the leases should be added) at £81,638. This case was in relation to 2 flats. The unexpired residue of the current lease was 64.5 years.
My wife and I intend to acquire our first house in Wormwood Scrubs. Conveyancing lawyer has been chosen. The broker advised that a survey is not necessary as the house was only built in 1997.
You would be well advised to take a Home Buyer's Report. As the premises is over 10 years old the property will be without a warranty, so you would be well advised not to take a risk. For a property that age with no signs of problems a Home Buyer's report may be enough. The report should highlight any obvious problems and suggest additional investigation if appropriate. If there are any signs of material issues seek a full structural survey.