Would the conveyancing practitioners that you recommend handle auction conveyancing in Wapping?

There are a few niche solicitors we can put you in touch with those who can conduct auction conveyancing. Wapping is just one of our locations in which our lawyers cover.

The deeds to my property are lost. The solicitors who did the conveyancing in Wapping years ago no longer exist. Will I be able to sell the house?

Gone are the days when you need to have the physical deeds to establish that you are the registered proprietor of land or property, given that the Land Registry hold details of all registered land or property electronically.

Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one near me in Wapping I like with open areas and transport links nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Wapping in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?

Should you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.

I bought a studio flat in Wapping, conveyancing was carried out in 1995. How much will my lease extension cost? Similar properties in Wapping with an extended lease are worth £165,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ends on 21st October 50

With 50 years unexpired the likely cost is going to range between £36,100 and £41,800 as well as plus your own and the landlord's "reasonable" professional fees.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before getting professional advice.

What is the difference between surveying and conveyancing in Wapping?

Conveyancing - in Wapping or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the checking of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are intending to buy and will help you discover the condition of the building and, if there are problems, give you leverage for reducing the price down or asking the seller to remedy the defects prior to you move in.