Are the BSA intent on creating a searchable register to list law firms on the Norwich and Peterborough Building Society conveyancing panel for example in Nine Elms?
We are not aware of any intention on the part of the BSA to promote such a tool.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a residence in Nine Elms? or Apparently there is an ancient law that means some house owners residing in a parish church boundary will be compelled to pay for maintenance towards the chancel in proximity to the church. Is this applicable for conveyancing in Nine Elms?
Unless a previous acquisition of the premises completed post 12 October 2013 you can assume that solicitors delivering conveyancing in Nine Elms to remain encouraging a chancel search and or insurance against a claim.
It has been five months following my purchase conveyancing in Nine Elms completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. 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 asset 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.
Planning to exchange soon on a leasehold property in Nine Elms. Conveyancing lawyers assured me that they are sending me a report next week. What should I be looking out for?
Your report on title for your leasehold conveyancing in Nine Elms should include some of the following:
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You should have a good understanding of the building insurance obligations Rent payments - how much and what the invoice dates are, and be on notice if this will change in the future Details of the parties to the lease, for instance these could be the leaseholder, head lessor, landlord Responsibility to repair and maintain the main walls and foundations. It is important that you know which party is liable for the repair and maintenance of every part of the building Who has the liability for maintaining the window frames
I am the leaseholder of a basement flat in Nine Elms. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum due for a lease extension?
if there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to assess the premium.
An example of a Lease Extension decision for a Nine Elms property is 150A Albert Palace Mansions Lurline Gardens in July 2013. The Tribunal determined that the premium payable for the new lease of the subject property was £42,069 This case affected 1 flat. The unexpired residue of the current lease was 57.06 years.
Why am I unable to complete my conveyancing in Nine Elms on Easter Monday?
This is due to the fact that on completion the money will be transferred electronically between the banks of the buyer and owner’s conveyancer and currently this can only occur on a business day. So you can't complete on a weekend either.