The Woodford Green conveyancing firm handling our Woodford Green conveyancing has uncovered a difference when comparing the assumptions in the home valuation report and what is in the conveyancing documents. My solicitor informs me that he is obliged to ensure that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s approach legitimate?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
five months have elapsed following my purchase conveyancing in Woodford Green concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 premises 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've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a quick, no chain conveyancing. Woodford Green is the location of the property. Can you shed any light on this issue?
Flying freeholds in Woodford Green are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woodford Green you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woodford Green may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Is it simple use the search tool to select a conveyancing solicitor in Woodford Green on the panel for my mortgage?
Step one is to choose a mortgage company such as Halifax, Skipton Building Society or Barclays Direct then type in your preferred area a common one being Woodford Green. Conveyancing firms in Woodford Green and nationally should be shown.
I only have 62 years unexpired on my lease in Woodford Green. I now want to get lease extension but my freeholder is absent. What are my options?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to track down the landlord. For most situations an enquiry agent may be useful to try and locate and to produce a report to be accepted by the court as proof that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer in relation to proving the landlord’s disappearance and the application to the County Court overseeing Woodford Green.
I am the proprietor of a second floor flat in Woodford Green. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?
Absolutely. We are happy to put you in touch with a Woodford Green conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Woodford Green premises is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case was in relation to 2 flats. The unexpired term as at the valuation date was 69.26 years.