Me and my partner are about to exchange on the purchase of a house in Lee but as a result of wreckage from a small fire at the property I have was able negotiate compensation from the owner in the sum of six thousand pounds by way of a adjustment in the price. This was going to be dealt with as part of the conveyancing process however Yorkshire BS are not allowing this. Should they have been approached?
Your conveyancing practitioner being on a Yorkshire BS conveyancing panel is required to disclose to Yorkshire BS of any changes to the purchase price. If you prohibit your property lawyer to report the price change to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new conveyancer for your conveyancing in Lee.
It has been four months following my purchase conveyancing in Lee took place. I have checked the Land Registry website which shows that I paid £150,000 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 residence 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.
Over the last few months I have been searching for a ground for flat up to £305k and found one near me in Lee I like with amenity areas and railway links in the vicinity, however it only has 51 years on the lease. There is not much else in Lee in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
As co-executor for the estate of my uncle I am selling a house in Neath but live in Lee. My solicitor (approximately 235 miles awayrequires that I execute a stat dec prior to completion. Could you suggest a conveyancing practitioner in Lee to witness and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will suffice regardless of whether they are Lee based
Expecting to exchange soon on a studio apartment in Lee. Conveyancing lawyers assured me that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Lee should include some of the following:
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The length of the lease term. You should be advised as what happens when the lease ends, and informed of the importance of not letting the lease term falling below eighty years You need to be told what constitutes a Nuisance as far as the lease is concerned What you can do if a neighbour is in violation of a provision in their lease? Are you allowed to have a pet in the flat? specifics of the parties to the lease, for example these could be the tennant, head lessor, landlord
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Lee. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We can put you in touch with a Lee conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Lee flat is 18 Handen Road in April 2013. On 26 October 2012 District Judge Zimmels sitting at the Lambeth County Court made a Vesting Order that the Applicants be granted the right to acquire the freehold upon such terms and at such price determined by the LVT. The Tribunal arrived a figure of £39,535 as a valuation for the enfranchisement. This case was in relation to 3 flats. The unexpired lease term was 69.05 years.