The Streatham conveyancing firm handling our Streatham conveyancing has uncovered a discrepancy between the assumptions in the home valuation report and what is in the conveyancing documents. My solicitor says that he must check that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action right?
Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements 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 you.
Can I use your services to recommend a Conveyancing solicitor in Streatham even if I’m not purchasing or selling a house, for instance where I wish to buy a shop in Streatham with a mortgage from Barclays Direct?
The service is mainly there to get a quote from domestic conveyancing solicitors in Streatham but we have recorded at the bottom of this page a few Streatham commercial conveyancing firms. You should make contact with the firm directly to check if they can also act for Barclays Direct
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in last month in what should have been a quick, chain free conveyancing. Streatham is the location of the property. Can you offer any guidance?
Flying freeholds in Streatham are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Streatham you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Streatham 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 premises.
Hoping to buy a property located in Streatham and I am already nervous. I couldn't find anything specific about Streatham. Conveyancing will be needed in due course but do you know about the Streatham area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Streatham. In the meantime here are some basic statistics that we found
Having checked my lease I have discovered that there are only Seventy years unexpired on my flat in Streatham. I now want to extend my lease but my landlord is absent. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. However, you will be required to demonstrate that you or your lawyers have made all reasonable attempts to track down the freeholder. In some cases a specialist would be useful to carry out a search and prepare a report to be accepted by the court as proof that the freeholder can not be located. It is wise to seek advice from a conveyancer both on investigating the landlord’s disappearance and the vesting order request to the County Court covering Streatham.
Despite our best endeavours, we have been unsuccessful in negotiating a lease extension in Streatham. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to determine the price.
An example of a Lease Extension matter before the tribunal for a Streatham flat is Flat 12, Newlands Court Streatham Common North in May 2012. the decision of the Tribunal was that the premium payable by the Applicants to the Respondent for the new lease of the Premises be £70,140. This case related to 1 flat. The number of years remaining on the existing lease(s) was 23.25 years.