My partner and I are acquiring our first house. The solicitor has messagedto see if we would like to take out supplemental conveyancing searches. We are really unsure what's necessary for conveyancing in South Lambeth
The extent of South Lambeth conveyancing searches depends primarily on the premises, the location, the probability of any of these risks, your familiarity of the region and risks, your overall appetite to risk. What is important is that you properly comprehend what information each search could supply. You may then decide if you consider that you need that information. Should you be uncertain, ask the lawyer to explain.
Various web forums that I have frequented warn that are the main reason for stalling in South Lambeth house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any holding up conveyancing in South Lambeth.
Are there restrictive covenants that are commonly identified during conveyancing in South Lambeth?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in South Lambeth. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. South Lambeth is the location of the property. Can you offer any guidance?
Flying freeholds in South Lambeth are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside South Lambeth you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Lambeth may ascertain 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.
How can the Landlord & Tenant Act 1954 impact my commercial premises in South Lambeth and how can you help?
The 1954 Act affords security of tenure to business leaseholders, granting the legal entitlement to apply to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. South Lambeth is one of our many locations in which the firms we work with have offices