Last May we completed a house move in North West London. We have noticed several problems with the property which we believe were missed in the conveyancing searches. Is there anything we can do? Can you clarify the type of searches that needed to have been carried out as part of conveyancing in North West London?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in North West London. Conveyancing searches and due diligence undertaken during the legal transfer of property are carried out to help avoid problems. As part of the legal transfer of property, the vendor fills in a questionnaire called a SPIF. answers is 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 North West London.
Will my conveyancing lawyers need to check that the building insurance for my purchase of a house in North West London. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 8/8/2018, the requirements read as follows :
The estate agent has sent us the confirmation of our purchase of a new build apartment in North West London. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in North West London
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
How do I locate a North West London law firm on the Accord Mortgages Ltd conveyancing panel? I drive a motor bike and am willing to travel upto 25kilometers to meet the lawyer.
You can use the tool on this website. Please choose the lender and your location and you will see a number of North West London conveyancing lawyers locally. We have listed some North West London conveyancing firms towards the end of this page and you can ring them to verify whether they are on the Accord Mortgages Ltd approved list
What are your top tips when it comes to finding a North West London conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a North West London conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We recommend that you talk with several firms including non North West London conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:
If they are not ALEP accredited then what is the reason? What volume of lease extensions have they carried out in North West London in the last 12 months?
I bought a 1 bedroom flat in North West London, conveyancing was carried out January 1995. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in North West London with an extended lease are worth £265,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2093
With only 75 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 as well as professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.