It has come to my attention via my IFA that my Southwark property lawyer is not on the lender Conveyancing panel. What can I do to be sure that this is correct?
The best course of action for you to take is to contact your Southwark lawyer directly. You lawyer should inform you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your lender.
Last November we completed a house move in Southwark. We have noticed several problems with the property which we believe were overlooked in the conveyancing searches. What action can we take? What searches should? have been ordered for conveyancing in Southwark?
The query is vague as what problems have arisen and if they are specific to conveyancing in Southwark. Conveyancing searches and investigations initiated as part of the legal transfer of property are designed to help avoid problems. As part of the process, a property owner completes a document known as a SPIF. If the information turns out to be incorrect, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Southwark.
Do lawyers request money on account for my conveyancing in Southwark?
Where you are retaining lawyers for conveyancing in Southwark your lawyer will request that you put them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the sale price then this will be needed immediately ahead of exchange of contracts. Any further balance that is needed will be payable shortly before completion.
I have recentlybeen informed that Action Conveyancing have closed. They conducted my conveyancing in Southwark for a purchase of a leasehold flat 12 months ago. How can I check that my home is not still registered in the name of the former proprietor?
The quickest method to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Southwark conveyancing specialists.
I am on look out for some leasehold conveyancing in Southwark. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is registered - and almost all are in Southwark - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
We have reached the end of our tether in negotiating a lease extension in Southwark. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a absentee landlord or if there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to make a decision on the amount due.
An example of a Freehold Enfranchisement case for a Southwark flat is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The unexpired term was 107 years.