My wife and I have just purchased a house in Hockley. We have noticed several problems with the house which we believe were missed in the conveyancing searches. What action can we take? What searches should? have been carried out as part of conveyancing in Hockley?

It is not clear from the question as what problems have arisen and if they are relate to conveyancing in Hockley. Conveyancing searches and investigations initiated during the buying process are designed to help avoid problems. As part of the process, a seller completes a questionnaire called a Seller’s Property Information Form. answers proves to be incorrect, then you may have a claim against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Hockley.

five months have gone by following my purchase conveyancing in Hockley completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

I am looking to sell my house. My former conveyancers closed down. I am in need of a recommendation of a conveyancing firm. Im based in Hockley if that makes a difference.

You should use our search tool to help you choose a solicitor for your conveyancing in Hockley. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs smoothly.

I am in need of some leasehold conveyancing in Hockley. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.

If the lease is recorded at the land registry - and almost all are in Hockley - then the leasehold title will always include the short particulars 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.

Hockley Leasehold Conveyancing - A selection of Queries before buying

Make sure you enquire if the the lease contains any unreasonable restrictions in the lease. By way of example some leases prohibit pets being permitted in certain buildings in Hockley. If you love the apartmentin Hockley but your cat can’t live with you then you have a very difficult decision. It is important to be aware if window replacement or some other major work is due shortly that will be shared amongst the leaseholders and will dramatically increase the the service charges or result in a specific payment.

We own a leasehold flat in Hockley. Conveyancing was completed in 2009. I have read on various consumer forums that I should not allow the the remaining lease term to fall too short. Is this correct?

Hockley leasehold properties are for a fixed period - usually just under one hundred years when they are first granted. However many appartments in Hockley were built or converted 30 or more years ago and so these leases now have under 80 years unexpired. This may seem like plenty of time but Banks, Building Societies and other mortgage companies generally need leases to have a minimum of 75 years left to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To increase the marketability of your property you should be considering whether to extend your lease long before you come to sell it. There are also strong financial reasons to doing so before the lease reaches even eighty years as when the lease is less than eighty years the premium to be paid to extend starts to escalate.