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Recently asked questions about conveyancing in Petts Wood

I went with a Petts Wood based firm for my conveyancing in Petts Wood recently. After carefully reading the official terms of business it is apparent thatI am on the hook for fees even where the conveyance does not complete. Would I be best advised to instruct an internet lawyer offering no completion no cost conveyancing in Petts Wood?

It is usually ‘give and take’ in that if "No Sale No Fee" is advertised then the conveyancing charges will generally be higher to neutralise those cases that abort. Dont forget that such deals tend not to cover disbursements such your Petts Wood conveyancing search charges.

4 months have gone by following my purchase conveyancing in Petts Wood completed. I have checked the Land Registry site which shows that I paid £200,000 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.

I am buying a new build flat in Petts Wood. Conveyancing is a frightening process 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.

Set out below is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Petts Wood

    Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared.

Can you offer any advice when it comes to finding a Petts Wood conveyancing practice to deal with our lease extension?

When appointing a conveyancer for lease extension works (regardless if they are a Petts Wood conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Petts Wood conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:

    How many lease extensions has the firm conducted in Petts Wood in the last 12 months? If they are not ALEP accredited then why not?

I have had difficulty in trying to purchase the freehold in Petts Wood. Can this matter be resolved via the Leasehold Valuation Tribunal?

Absolutely. We are happy to put you in touch with a Petts Wood conveyancing firm who can help.

An example of a Lease Extension case for a Petts Wood premises is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case affected 1 flat. The unexpired lease term was 50.57 years.

There are a number of properties in Petts Wood on unadopted roads. I am purchasing such a house. What are the pros and cons of purchasing a property on a privately owned road?

Petts Wood conveyancing lawyers are familiar with dealing homeson private. The property lawyer should investigate title to identify any rights or responsibilities. In many cases there is a management company (wholly owned by residents) that residents pay into to maintain the road. If there is one, the road will likely be maintained and look nicer than publicly adopted.

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Petts Wood
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