I am close to exchanging contracts on the sale of our home in Upton Park and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any high street Upton Park lawyer would know this is not the case. It does beg the question why the purchasers instructed a factory type conveyancing practice rather than a conveyancing solicitor in Upton Park. Having lived in Upton Park for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification need.
It would appear that you have a conveyancing lawyer already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
It has been five months since my purchase conveyancing in Upton Park concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Upton Park differ for newly converted properties?
Most buyers of new build premises in Upton Park contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is ready to move into. This is because new home sellers in Upton Park tend to purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Upton Park or who has acted in the same development.
Over the last few months I have been searching for a ground for flat up to £235,500 and found one round the corner in Upton Park I like with a park and railway links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Upton Park suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a home loan the shortness of the lease will be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
My business partner and I are wishing to take over a lease of a shop on the high street. Can you recommend conveyancers offering competitive fees for commercial conveyancing in Upton Park for under 1500k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Upton Park, including the sale and purchase of businesses as well as simply property. If you are hoping to acquire or dispose of a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right firm. As for the costs this will depend on the structure and nuances of the proposed transaction. Please provide us with your details or call us so that we can furnish you with a fixed commercial conveyancing calculation.