Is it possible for conveyancing in Woolwich to be done inside a month?
In the event that you are under time constraints to sign contracts we would recommend that your lawyer is familiar with the location as they will have local connections and insight. It is possible that they could have transacted previousproperties in the same neighbourhood. Therefore consider using a Woolwich conveyancing solicitor. Second, ensure that the lawyer is on the lender panel. It is claimed that nearly one in five of Woolwich conveyancing transactions are suspended or jeopardised after discovering a purchaser’s conveyancer was not on their banks member panel. In many cases this discovery resulted in the conveyancing being held up by an average of 21 days. It is understood that this issue impacts approximately one hundred thousand home sales every year. Many Woolwich conveyancing practices can not represent certain lenders so do check as early as possible.
My friend suggested that if I am buying in Woolwich I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Woolwich conveyancing searches. It is a large report of about 40 pages, listing and setting out important information about Woolwich around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information about Woolwich.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Woolwich is the location of the property. What do you suggest?
Flying freeholds in Woolwich are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Woolwich you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Woolwich may decide 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 premises.
I am looking into buying my first house which is in Woolwich and I am already nervous. I couldn't find anything specific about Woolwich. Conveyancing will be needed in due course but do you know about the Woolwich area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Woolwich. In the meantime here are some basic statistics that we found
Can you offer any advice when it comes to finding a Woolwich conveyancing firm to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Woolwich conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with several firms including non Woolwich conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be helpful:
If they are not ALEP accredited then why not?
After years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Woolwich. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a missing landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to assess the sum to be paid.
An example of a Lease Extension decision for a Woolwich premises is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case related to 1 flat. The number of years remaining on the existing lease(s) was 69.77 years.