Should our lawyer be asking questions regarding flooding during the conveyancing in South London.
The risk of flooding is if increasing concern for lawyers dealing with homes in South London. There are those who purchase a property in South London, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, however there are a number of searches that can be undertaken by the purchaser or on a buyer’s behalf which should give them a better understanding of the risks in South London. The conventional set of completed inquiry forms supplied to a buyer’s conveyancer (where the Conveyancing Protocol is adopted) contains a usual question of the owner to discover if the premises has ever been flooded. If flooding has previously occurred and is not revealed by the seller, then a buyer could commence a legal claim for losses as a result of such an misleading reply. The buyer’s conveyancers may also conduct an environmental search. This should disclose whether there is a recorded flood risk. If so, additional inquiries should be made.
Hoping to buy a property located in South London and I am already nervous. I couldn't find anything specific about South London. Conveyancing will be needed in due course but do you know about the South London area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at South London. In the meantime here are some basic statistics that we found
Am I best advised to appoint a South London conveyancing solicitor in close proximity to the house I am purchasing? We have a good friend who can perform the conveyancing however his firm is located a couple of hundredmiles away.
The primary upside of using a local South London conveyancing firm is that you can drop in to execute documents, present your ID and apply pressure on them where appropriate. Having local South London know how is a bonus. That being said nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and in the main were content that should outweigh using an unknown South London conveyancing lawyer just because they are round the corner.
I've found a house that seems to be perfect, at a great price which is making it more attractive. I have just found out that it's a leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in South London. Conveyancing advisers have are soon to be instructed. Will my lawyers set out the risks of buying a leasehold house in South London ?
The majority of houses in South London are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are buying in South London so you should seriously consider shopping around for a South London conveyancing practitioner and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’spermission to carry out alterations. It may be necessary to pay a service charge towards the upkeep of the estate where the house is located on an estate. Your solicitor will appraise you on the various issues.
Having spent months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in South London. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to assess the sum to be paid.
An example of a Lease Extension decision for a South London flat is Flat B 10 Grove Avenue in October 2013. Following a vesting order Clerkenwell and Shoreditch County Court 3rd July 2013 The tribunal determines that the premium payable for the lease extension was £36,215.00 This case related to 1 flat. The unexpired lease term was 65.21 years.
Is planning consent required to split a single dwelling into multiple flats in South London? This has been done to a property next door to my house in South London and was ignorant of the conversion until it was finished.
Planning Permission yes. Building Reg Approval yes.