Should my lawyer be raising enquiries concerning flooding during the conveyancing in Cranham.
The risk of flooding is if increasing concern for solicitors dealing with homes in Cranham. Some people will purchase a house in Cranham, completely expectant that at some time, it may be flooded. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.
Lawyers are not best placed to offer advice on flood risk, however there are a number of searches that can be initiated by the buyer or on a buyer’s behalf which should give them a better understanding of the risks in Cranham. The standard information supplied to a purchaser’s conveyancer (where the Conveyancing Protocol is adopted) includes a usual question of the seller to determine whether the premises has suffered from flooding. If flooding has previously occurred and is not disclosed by the vendor, then a purchaser could bring a compensation claim resulting from an misleading reply. A buyer’s lawyers will also conduct an enviro report. This will reveal whether there is a recorded flood risk. If so, more detailed inquiries will need to be initiated.
Just acquired a terraced house in Cranham , how long should it take for the Land Registry to register my title? My Cranham conveyancing solicitor has been painfully slow, so I want to be certain that my purchase is registered.
As far as conveyancing in Cranham registration is no faster or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can adjust subject to who lodges the application, whether there are errors and if the Land registry communicate with any 3rd parties. Currently approximately three quarters of such applications are completed in less than three weeks but occasionally there can be extensive delays. Registration is effected after the new owner is living at the premises thus 'speed' is not typically top priority yet if there is a degree of urgency associated with the registration then you or your lawyers can speak with the land registry and explain the circumstances.
My husband and I are new on the property ladder - agreed a price, but the estate agent informed us that the vendor will only issue a contract if we use their recommended solicitors as they want a ‘quick sale’. Our preferred option is to instruct a family solicitor accustomed to conveyancing in Cranham
We suspect that the seller is not behind this demand. If they require ‘a quick sale', turning down a serious purchaser is counter productive. Bypass the agents and go straight to the sellers and explain that (a)you are serious purchasers (b)you are excited to move forward, with finances in place © you have nothing to sell (d) you intend to proceed fast (e)however you are going to appoint your preferred Cranham conveyancing lawyers - not the ones that will earn the estate agent a commission or hit his conveyancing targets set by HQ.
I am looking at a two maisonettes in Cranham both have about fifty years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the premises for a prescribed time frame. As the lease gets shorter the marketability of the lease decreases and results in it becoming more costly to acquire a lease extension. This is why it is generally wise to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on properties of this type. Lease enfranchisement can be a difficult process. We advise that you get professional help from a solicitor and surveyor with experience in this field.
I have given up trying to purchase the freehold in Cranham. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to determine the amount due.
An example of a Lease Extension matter before the tribunal for a Cranham premises is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The remaining number of years on the lease was 57.5 years.
Is there a difference between surveying and conveyancing in Cranham?
Conveyancing - in Cranham or anywhere in England and Wales - is the legal term given to transferring legal title of property from one person to another. It involves the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re intending to buy and will help you find out about the condition of the building and, if there are problems, give you leverage for negotiating the purchase price down or asking the seller to remedy the defects before you move in.