I am acquiring a property without a mortgage in Putney. I have been residing for the previous twelve years in Putney. Conveyancing searches are expensive. Given that I know the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then all but one or two of the Putney conveyancing searches are non-obligatory. Your lawyer will try and sway you, no-doubt strongly, that you should have searches carried out, but he is duty bound to take that path of guidance. Do take into account; if you are likely to sell the house in the future, it will be of interest to your prospective purchaser what the searches determine. On occasion premises with day to day issues can still show up unfavourable search results. A good conveyancing solicitor in Putney should be able to give you some sensible advice here.
Do banks and building societies provide you with an approved list of Putney conveyancing solicitors? How do you know who is on the Principality conveyancing panel?
Putney conveyancing firms themselves provide us confirmation that they are on the Principality conveyancing panel as opposed to being supplied with a list from Principality directly.
I require quick conveyancing in Putney as I am faced with a deadline to exchange contracts in less than 4 weeks. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
As you are are a mortgage free buyer you are at free not to do searches although no lawyer would recommend that you don't. With plenty of history conveyancing in Putney the following are examples of issues that can appear and adversely affect future mortgageability: Enforcement Actions, Overdue Fees, Outstanding Grants, Unadopted Roads,...
My wife and I purchased a leasehold house in Putney. Conveyancing and Yorkshire Building Society mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Putney who acted for me is not around. Do I pay?
The first thing you should do is contact the Land Registry to be sure that the individual purporting to own the freehold is indeed the new freeholder. You do not need to incur the fees of a Putney conveyancing solicitor to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Putney. Can we issue an application to the Residential Property Tribunal Service?
Where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the LVT to decide the sum to be paid.
An example of a Freehold Enfranchisement decision for a Putney residence is 19 St. Margarets Crescent in August 2010. the tribunal was of the view that the premium to be paid by the leaseholder for the freehold reversion was £51,983.00 This case was in relation to 3 flats. The number of years remaining on the existing lease(s) was 66.25 years.
Me and my partner have today had a bid accepted on our 1st home in Putney, and are about to get solicitors appointed. We have made use of the different rating based websites and the fee estimates are from all over the country. Is it necessary to have a Putney solicitor local to the prospective property? I am content to do everything over email, but I assume at some point we may be required to visit the property lawyer's office to sign papers?
The property lawyer does not have to be in Putney, but choosing local means that you have the option to go in if you need to, by way of example, if a signature is immediately necessary. Furthermore, a Putney solicitor is likely to be familiar with local agents and (if the vendor has instructed a local property lawyer) with them, which will help smooth the process.