I am buying a house mortgage free in New Cross. I have lived for the previous Seventeen years in New Cross. Conveyancing searches are exorbitant. As I have knowledge of the road and vicinity very well must I have all the conveyancing searches?
In the absence of a home loan, then all but one or two of the New Cross conveyancing searches are optional. Your lawyer will try and sway you, no-doubt strongly, that you should have searches completed, but he has a professional duty to take that path of advice. Do consider; if you are intend to sell the house one day, it will likely be be of relevance to your prospective purchaser what the searches reveal. There are plenty of instances where properties with functional issues can still show up negative search results. A good conveyancing solicitor in New Cross will be able to give you some practical advice concerning this.
My Conveyancer in New Cross is not listed on the TSB Approved Panel. Is it possible for me to retain my family solicitor notwithstanding that they are not on the TSB list of approved lawyers?
Your options are as follows:
- Carry on with your existing New Cross lawyers but TSB will need to instruct a lawyer on their list of acceptable firms. This will result in additional total legal charges and result in frustration.
- Choose an alternative lawyer to act in the purchase, not forgetting to check they are TSB approved.
- Try to convince your TSB solicitor to seek to join the TSB panel
I am selling our home in New Cross and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. Any high street New Cross lawyer would know that there is no such problem. It does beg the question why the buyers used a nationwide conveyancing firm rather than a conveyancing solicitor in New Cross. We have lived in New Cross for 4 years we know that this is a non issue. Should we get in touch with our local Authority to get clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I am looking for a ground for flat up to £195,000 and found one round the corner in New Cross I like with amenity areas and railway links nearby, however it only has 49 years unexpired on the lease. I can't really find anything else in New Cross in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you require a mortgage the shortness of the lease will be an issue. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
If instructed can a conveyancer remove a name from the title of my home in New Cross ?
Removing or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a property lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a property lawyer